(Biden is scheduled to speak about his budget at 2:30 p.m. ET today. Please refresh the page if the above video doesn’t play at that time.)President Joe Biden released his budget on Thursday, vowing to cut $3 trillion from the federal deficit over the next decade, in part, by levying a 25% minimum tax on the wealthiest Americans.Biden also raises more revenue by increasing taxes on oil and gas companies, hiking the corporate tax rate to 28%, up from 21% imposed under former President Donald Trump but below the 35% tax pre-2017, and allowing Medicare to negotiate drug prices.With Biden likely to run for re-election in 2024, his budget is also a preview into his platform as a candidate and campa …
