"Biden's $7.3 Trillion Budget Proposal: A Populist Economic Agenda Dividing Washington"

President Biden's $7.3 trillion budget proposal for the next fiscal year includes tax increases on corporations and high earners, as well as new spending on social programs and efforts to combat high consumer costs. The plan aims to reduce deficits by about $3 trillion over a decade, but faces strong opposition from Republicans who control the House and have passed a budget proposal outlining different priorities. Biden's budget serves as a contrast to former President Trump's economic agenda and is intended to strengthen his position on economic issues with voters ahead of the upcoming election.