"Biden's Budget Proposal: Tax Hikes, Spending Policies, and Populist Campaign Planks"

President Biden is set to release his budget proposal to Congress, including tax and spending policies, as part of his re-election campaign. The proposal includes tax credits for first-time homebuyers and sellers, incentives for homeowners to sell "starter homes," and an expansion of the low income housing tax credit. It also features higher taxes on corporations and the wealthy, an increase in defense spending, and the allowance for Medicare to negotiate prices for prescription drugs.