President Biden unveiled his budget plan Thursday, budgeting $3 trillion in taxes hikes over 10 years in an attempt to reduce the federal deficit. The plan faces an uphill battle in Congress, where the Republican-controlled House has already vowed not to raise taxes. The budget proposal is expected to set the tone for the upcoming fight over the debt ceiling.

The budget blueprint aims to earmark federal dollars for long-term priorities, such as universal preschool, free community college and lower prescription drug prices. In an address delivered from Philadelphia, the President reinforced his commitment to responsible spending. "We see this as a values statement," said White House Press Secretary Karine Jean-Pierre. "And so, he wanted to make sure that it was fiscally responsible."

Experts recognize that, even if the plan passes, it still may not be enough. Bob Bixby, executive director of the Concord Coalition, said that the Congressional