Biden to propose higher taxes for the wealthy in budget plan
President Biden is expected on Thursday to release his new budget plan, which is expected to include new taxes for the wealthy to help fund Medicare for another 25 years. Mr. Biden's goal is to reduce the federal deficit by $2 trillion over a decade. CBS News senior White House and political correspondent Ed O'Keefe joined Nikki Battiste and Elaine Quijano to discuss. CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+. Subscribe to the CBS News YouTube channel: https://youtube.com/cbsnews Watch CBS News: https://ift.tt/UWXGjQo Download the CBS News app: https://cbsn.ws/1Xb1WC8 Follow CBS News on Instagram: https://ift.tt/a1MFfih Like CBS News on Facebook: https://ift.tt/LZAMolX Follow CBS News on Twitter: https://twitter.com/cbsnews Subscribe to our newsletters: https://cbsn.ws/1RqHw7T Try Paramount+ free: https://bit.ly/2OiW1kZ For video licensing inquiries, contact: licensing@veritone.com
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