U.S. President Joe Biden is expected to release his government's proposed 2024 budget on Thursday at the Finishing Trades Institute in Philadelphia.

The president is proposing to cut deficits by nearly $3 trillion over the next decade, which is part of a broader attempt by the president to call out House Republicans, who are demanding severe cuts to the federal spending in return for increasing the government’s legal borrowing authority.

Biden wants to impose tax hikes on wealthier people to limit federal borrowing and to expand Medicare, the government health insurance program for adults over 65.

White House press secretary Karine Jean-Pierre declined to discuss the numbers behind the budget plan at a Tuesday briefing, saying that she would not “dive into the math,” but that Biden’s proposal on Thursday “will be very detailed and transparent.”

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