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Morning Wire
Biden’s Annual Budget & Oppenheimer’s Oscar Boom | Afternoon Update | 3.11.24
Mar 11, 2024
07:12
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President Biden's budget plan, Trump's legal battles, TikTok ownership proposal, Oppenheimer's Oscar success, award show highlights, and viewership trends discussed in this podcast episode.
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Quick takeaways
- Biden's budget plan aims to cut costs, boost manufacturing, strengthen social programs, and reduce deficit.
- Legal proceedings involving Trump's Hush Money case and political controversies like Nancy Mace's support for Trump.
Deep dives
President Biden's Ambitious Budget Plan
President Biden released an annual budget plan amounting to over $7 trillion, aligning with his State of the Union address. The budget aims to reduce costs for families, boost American manufacturing, strengthen Social Security and Medicare, and decrease the federal deficit by approximately $3 trillion over a decade. It proposes higher taxes on large corporations and a 25% minimum tax on billionaires. Additionally, the plan includes tax cuts for middle to low-income Americans, advancements in cancer research, and provisions addressing the southern border.
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