Biden challenges Republicans with budget that raises taxes, sets up 2024 run

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By Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden will travel to the swing-state of Pennsylvania on Thursday to unveil a federal budget plan laden with spending proposals and higher taxes on the wealthy that will form a blueprint for his expected 2024 re-election bid. Biden’s proposal, which resurrects many items stripped from last year’s budget plan, faces even stiffer opposition in Congress this year, after Republicans won control of the House of Representatives in November’s midterm elections. It comes in direct defiance of Republican House Speaker Kevin McCarthy’s threat to …

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