CNBC Television Treasury releases tax details of latest White House budget proposal

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: CNBC’s Robert Frank reports on some of the tax ramifications of President Biden’s Fiscal Year 2022 budget proposal. For access to live and exclusive video from CNBC subscribe to CNBC PRO: President Joe Biden released his fiscal year 2022 budget request to Congress on Friday, the first formal budget of his presidency and a sharp departure from his predecessor Donald Trump. Biden’s budget incorporates his two signature domestic proposals, the American Families Plan and the American Jobs Plan, neither of which has been seriously debated by Congress yet. It also illustrates how different Biden’s priorities are from Trump’s. For example, it requests an increase of 41% for the Department of Education over last year, plus 23% more for the Department of Health and Human Services, and 22% more for the Environmental Protection Agency. Funding for the Department of Homeland Security, which carried out Trump’s aggressive immigration policies, would decrease by a tenth of a percent. Another Trump priority, the Department of Defense, would see an increase in funding of just 2%. On a personal level, Biden views his budget as a reflection of his values. He often quotes his own father as having said, “Don’t tell me what you value. Show me your budget, and I’ll tell you what you value.” The topline budget request for 2022 is $6 trillion. But of this, only $300 billion is new spending requested for next year. Instead, as in every presidential budget, the vast majority of the money in it will be spent on programs the government is obligated by law to fund, such as Medicare, Social Security and interest on the national debt. All told, around $1.5 trillion was requested for discretionary items in FY 2022, which includes the funding of all federal agencies. Approximately half of that is already marked for the Defense Department. » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBCTV