Analyzing the Impact of Biden's Proposed Budget on Taxes and National Security.

President Biden's proposed budget would increase taxes on corporations and high-income earners, while providing tax relief for middle-class families. The plan includes raising the corporate tax rate from 21% to 28%, increasing the top individual income tax rate to 39.6%, and raising the capital gains tax rate for those earning over $1 million. The budget also includes provisions to expand access to affordable healthcare and education, and to address climate change.