WASHINGTON — President Joe Biden unveiled a $6.8 trillion budget blueprint on Thursday that included new spending on child care, education and health care, and $5 trillion in proposed tax increases on wealthy Americans and corporations over the next decade.
Biden, who is widely expected to announce his 2024 reelection bid in the coming weeks, was set to present his plan for the next fiscal year in Pennsylvania, a critical battleground state.
Though budgets are typically released with little fanfare, Biden has sought to use the annual request to Congress as a contrast to Republicans over federal spending, setting the stage for the 2024 race and a brewing battle over raising the country’s legal debt ceiling.
