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Biden’s Budget Calls for Increase in Defense Spending, Including Funds for Ukraine
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wsj.comWASHINGTON—President Biden called for the largest-ever level of military spending and increased funding for law enforcement in a $5.8 trillion budget, playing down his proposals for expanding social programs in favor of backing initiatives generally favored by centrist lawmakers.
The budget, released Monday, also seeks higher taxes on businesses and the wealthiest Americans, part of an emphasis on reducing the federal deficit that departs from last year’s budget that laid out ambitious spending increases.
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