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Biden's budget plan calls for increasing taxes on the wealthy

President Biden heads to Philadelphia on Thursday to unveil his highly anticipated budget proposal. The plan calls for increasing the Medicare payroll tax on people making more than $400,000 a year, expanding the ability of Medicare to negotiate prescription drug prices and imposing a tax on the holdings of billionaires. CBS News senior White House and political correspondent Ed O'Keefe joined "CBS News Mornings" to discuss.
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