President Bidenâs $6 trillion budget proposal unveiled on Friday guides his vision of an expansive federal government role in the economy and the lives of Americans, with large increases in spending on infrastructure, public health, and education along with tax hikes on corporations and the wealthy.The Biden administration is seeking $1.52 trillion for the military and domestic programs in the fiscal year 2022, which begins Oct. 1, an 8.6% increase from the $1.4 trillion that was approved last year, excluding emergency measures to combat the covid-19 pandemic.The proposal would shift more federal resources from the military, which would see a rise of 1.6% in spending next year, to domestic programs such as scientific research and renewable energy, which would get 16.5% additional funding under the presidentâs plan for 2022.The White House detailed costs for its proposals to spend $4.5 trillion over the next decade on infrastructure and social programs, which the administration is expecting to proceed through Congress this summer. The plan includes $17 billion next year for improvements such as repairs to roads, bridges, and airports, $4.5 billion to replace lead water pipes across the country, and $13 billion for the expansion of high-speed broadband.
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