President Biden unveiled his election-year budget pitch Monday‚ calling for $5.5 trillion in tax increases by raising rates on the wealthy and corporations — while spending $7.3 trillion on defense‚ federal benefit programs‚ affordable housing and student debt cancellation‚ among other proposals. The fiscal year 2025 budget — which is highly unlikely to be approved by Congress — matches last year’s topline tax increase level and spends $300 billion more while...