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Biden budget would cut taxes for millions and restore breaks for families. Here&;#039;s what to know.
President Joe Biden's proposed 2025 budget includes some perks for millions of families and low-income workers as well as senior citizens‚ including reviving a program that lifted millions of children out of poverty during the pandemic.
The budget‚ released Tuesday‚ aims to pay for those tax breaks by raising taxes on corporations and the rich. One proposal‚ for instance‚ would completely reverse one of the cuts implemented by former President Donald Trump‚ whose 2017 Tax Cuts and...