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President Joe Biden unveiled a sweeping $6.8 trillion budget plan Thursday that would increase federal spending on climate and clean energy programs while boosting pay for federal workers.
The White House’s budget proposal for fiscal 2024 aims to funnel more cash into the administration’s key policy priorities, including efforts to slash greenhouse gas emissions and promote renewable energy. To increase revenue, the president wants to increase taxes on corporations and wealthy individuals and end tax subsidies for oil and gas companies.
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