Biden Unveils $6.9 Trillion Budget Proposal

The video discusses a newly released $6.9 trillion budget proposal, highlighting its alignment with the 'Build Back Better' plan. Key features include increased discretionary and defense spending, significant tax hikes on billionaires, capital gains, and corporations, and the elimination of certain tax breaks. The budget aims to reverse the 2017 Trump tax cuts and proposes cuts to fossil fuel incentives. However, it is projected to add $17 trillion to the deficit over a decade.

What is the main theme of the budget proposal discussed in the first section?

• Increasing military spending

• Building back better

• Cutting social programs

• Reducing national debt

How much is the total budget proposed in the second section?

• $8 trillion

• $7.5 trillion

• $6.9 trillion

• $5 trillion

Which tax is proposed to be nearly doubled according to the second section?

• Sales tax

• Capital gains tax

• Property tax

• Income tax

What tax break is mentioned to be eliminated in the final section?

• State tax deduction

• Charitable donation deduction

• Carried interest tax break

• Mortgage interest deduction

How much is the budget expected to add to the deficit over a decade?

• $20 trillion

• $17 trillion

• $15 trillion

• $10 trillion