Factbox-What’s in Biden’s budget: taxes on buybacks, rail safety, childcare

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WASHINGTON (Reuters) – U.S. President Joe Biden’s budget for fiscal 2024 will be released Thursday. While the document is always a bit of a wish list, and especially so given the current divided Congress, the Democratic president’s spending and revenue priorities will be key factors in upcoming negotiations with Republicans over raising the debt ceiling. Here’s what to expect: Cutting nearly $3 trillion from the national deficit Biden will double down on a State of the Union pledge to trim the national deficit, promising to cut almost $3 trillion over 10 years, with tax hikes on companies and …

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