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Biden budget would cut deficit by $3 trillion over next decade with 25% minimum tax on richest Americans

(Biden is scheduled to speak about his budget at 2:30 p.m. ET today. Please refresh the page if the above video doesn’t play at that time.)

President Joe Biden released his budget on Thursday, vowing to cut $3 trillion from the federal deficit over the next decade, in part, by levying a 25% minimum tax on the wealthiest Americans.

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