Biden's $6 trillion budget: Social spending, taxes on business Top Searches Biden's $6 trillion budget: Social spending, taxes on business AP / May 28, 2021, 23:26 IST FacebookTwitterLinkedinEMail President Joe Biden speaks at Sportrock Climbing Centers, Friday, May 28, 2021, in Alexandria, Va. (AP Photo) WASHINGTON: President Joe Biden on Friday unveiled a $6 trillion budget for next year that's piled high with new safety net programs for the poor and middle class, but his generosity depends on taxing corporations and the wealthy to keep the nation's spiking debt from spiraling totally out of control. Biden has already described, in general terms, major plans on infrastructure and he won a major victory on Covid-19 relief earlier this year. But Friday's rollout tallies up the costs and incorporates them into the government's existing budget framework, including Social Security and Medicare, to provide a fuller view of the administration's fiscal posture.