US President Biden held a press conference for the first time

Biden to present $6 trillion spending budget for 2022

In The New York Times’ report on the subject, Biden’s aim to make the United States more competitive $ 6 trillion budget offerIt was reported that it will be found.

The report noted that the budget proposal, which includes investments in areas such as infrastructure, education and health, will raise federal spending to the highest level recorded since World War II.

Pointing out that total expenditures are expected to rise to $8.2 trillion by 2031, the news stated that the increase in the budget proposal stemmed from Biden’s two-stage economic plan.

In the report, it was stated that Biden’s plan to finance investments by increasing taxes for companies and high-income individuals will begin to reduce budget deficits in the 2030s.

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