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World Business Report: First broadcast 11/03/2024 22:32 GMT : US budget: Biden proposes to increase tax for wealthy earners and corporations

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US budget: Biden to increase tax for wealthy earners and corporations

First broadcast 11/03/2024 22:32 GMT 

First broadcast 11/03/2024 22:32 GMT : US budget: Biden proposes to increase tax for wealthy earners and corporations

US budget: Biden proposes to increase tax for wealthy earners and corporations

BBC World Service - World Business Report, US budget: Biden proposes to increase tax for wealthy earners and corporations

He wants to raise taxes by trillions on corporations and high earners

US President Joe Biden unveiled a $7.3tn budget plan for 2025 with raise taxes by trillions on corporations and high earners to help with high housing and childcare costs.

US President Joe Biden delivered a $7.3 trillion election-year budget to the Congress. It contain proposal to raise taxes on wealthy earners and corporations and bring back a child tax credit for low and middle-income earners.

The money will also help to fund childcare programs, funnel $258 billion to building homes, provide 12 weeks of paid family leave for workers, and help fund law enforcement.

Also, in the programme, Devina Gupta finds out why more farmers are filing for bankruptcy in Brazil and why thousands of workers in Finland are on strike.

(Picture: U.S. President Joe Biden visits New Hampshire. Picture credit: Reuters)

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First broadcast 11/03/2024 22:32 GMT : US budget: Biden proposes to increase tax for wealthy earners and corporations

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