President is expected to announce that he's going after corporations and billionaires such as and as he plans to raise taxes for both to 25 percent at his on Thursday night. officials said Biden would preview the steps that will be part of a proposed fiscal 2025 budget released next week that aims to cut the federal deficit by $3 trillion while cutting taxes for low-income Americans. Most of Biden's tax proposals have little chance of enactment unless win strong majorities in both chambers of in November, a sweep that polls suggest is unlikely.
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