Biden’s budget plan: Higher taxes on rich, lower deficits

  • President Joe Biden speaks about his proposed budget for fiscal year 2023 in the State Dining Room of the White House, Monday, March 28, 2022, in Washington, as Office of Management and Budget acting director Shalanda Young listens. (AP Photo/Patrick Semansky)

  • President Joe Biden speaks about his proposed budget for fiscal year 2023 in the State Dining Room of the White House, Monday, March 28, 2022, in Washington. (AP Photo/Patrick Semansky)

WASHINGTON — President Joe Biden announced a budget blueprint Monday that calls for higher taxes on the wealthy, lower federal deficits, more money for police and greater funding for education, public health and housing.