"Biden's Budget: Tax Hikes, Tax Cuts, and Crypto Mining Tax Proposals"

President Biden unveils a $7.3 trillion budget with $5.5 trillion in tax hikes, aiming to raise rates on the wealthy and corporations while increasing spending on defense, federal benefit programs, affordable housing, and student debt cancellation. The budget, unlikely to be approved by Congress, is criticized for reckless spending and projected to increase the national debt to $45.1 trillion by 2034. Republicans argue that the tax hikes and spending reflect an insatiable appetite for reckless spending and a disregard for fiscal responsibility, while Biden defends the proposals as necessary for funding federal programs and addressing economic inequality.