President 's $7.3 trillion budget includes $11.8 billion in border spending and $850 billion for the as it seeks to use the proposal to make the case to voters to give the president a second term.The plans to pay for its ambition agenda - which includes $3 billion for resilience - by imposing about $5 trillion in new taxes on corporations and the wealthy over a decade. The president's plan would raise taxes by a net total of $4.9 trillion, or more than 7% above what the U.S. would collect. Meanwhile, Americans earning less than $400,000 a year would get tax cuts totaling $750 billion. And those earning above $400,000 a year would see increased taxes on the wages, investment gains and self-employment income.
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