Biden Budget Will Underscore Divide With Republicans and Trump

President Biden on Monday will propose a budget packed with tax increases on corporations and high earners, new spending on social programs, and a wide range of efforts to combat high consumer costs like housing and college tuition.

The new spending and tax increases included in the fiscal 2025 budget stand almost no chance of becoming law this year, given that Republicans control the House and roundly oppose Mr. Biden’s fiscal agenda. Last…