LyrArc Article Gist
US president Biden's 2024 Budget places great emphasis on aid to workers and families in the US and shores up the Medicare hospital-insurance trust fund. He will do this by raising taxes on the wages, investment gains and self-employment income of people making more than $400,000 a year. Additional savings come from increasing the drugs on which Medicare can negotiate prices from 20 to 50 drugs. 

Childcare- families making less than $200,000 a year will get subsidized child health care, the lowest income families paying nothing.

Housing- Building and preserving 2 million housing units. Series of tax credits to make buying homes more affordable.

College education- Reducing the cost of going to education with $12 billion allocated for this. Offering tution free community college.

Family and Medical Leave- Federal paid family and medical leave program.

Retirees- a $2000 cap on out of pocket cost of prescription drugs for retirees.

Reduced taxes for under $400,000 income households- This would be done without increasing the deficits to extend the tax reduction from the 2017 tax cuts to households making less than $400,000 a year.