Biden wants to make sure Medicare lasts the next 25 years by raising taxes on people making over $400,000 and pushing on big pharma to lower drug prices

• President Joe Biden is gearing up to release his budget, and is already giving one details on one proposal.
• His budget would slightly raise taxes on those earning over $400,000 to help fund Medicare.
• His proposal would bring down prescription drug prices, with those savings helping bolster the fund.

President Joe Biden's plan to lower the deficit and keep Medicare benefits in the pockets of Americans is becoming clearer — and, according to the White House, it looks like Biden is eyeing hiking taxes on some high-earners to make up the difference.