Biden Proposes $7.2 Trillion Budget Next Year, Upping Annual Deficit to $1.8 Trillion
The president is proposing, yet again, a tax on unrealized capital gains for households with a net worth of $100 million or more, an idea that has been shot down in the past.
President Biden delivers the annual State of the Union address before a joint session of Congress in the House chamber at the Capital building on March 7, 2024, at Washington, D.C. Shawn Thew-Pool/Getty Images
