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A FIRST START. AS YOU SAY, NIKOLE, WORDS ARE ONE THING, AXON IS ANOTHER, THANKS SO MUCH. Reporter: YOU BET. PRESIDENT BIDEN IS UNVEILING HIS 2024 FISCAL YEAR BUDGET PROPOSAL. THE PRESIDENT IS SET TO ANNOUNCE THE PLAN IN PHILADELPHIA LITTLE BIT LATER TODAY THE PROPOSED BUDGET INCLUDES LOWERING COSTS FOR FAMILIES AND BOLSTERING SOCIAL SECURITY AS WELL AS MEDICARE AND REDUCING THE DEFICIT. THE COUNTRIES THAT CURRENTLY AMOUNTS TO SOMEWHERE IN THE NEIGHBORHOOD OF 31.6 TRILLION DOLLARS. POLITICAL CORRESPONDENT AT OKEEFE JOINT IS NOW AND GOOD TO SEE YOU AS ALWAYS. THE BIDEN ADMINISTRATION WANTS TO CUT THE FEDERAL DEFICIT BY $3 TRILLION OVER THE NEXT DECADE. PART OF THIS WOULD COME FROM A NEW BILLIONAIRES TAX AND RAISING THE CORPORATE TAX RATE. HOW WOULD THAT WORK? Reporter: IN ESSENCE, GUYS GOOD TO SEE YOU, THE GOAL HERE IS TO RAISE TAXES ON FOLKS MAKING MORE THAN $400,000 A YEAR AND CORPORATIONS AS WELL. THE WHITE HOUSE, KNOWING