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Biden’s $5.8 Trillion Proposed Spending Plan Calls on Congress to Fill in the Blanks

Biden’s $5.8 Trillion Proposed Spending Plan Calls on Congress to Fill in the Blanks
President Joe Biden speaks alongside Director of the Office of Management and Budget Shalanda Young as he introduces his budget request for fiscal year 2023 in the State Dining Room of the White House on March 28, 2022. Anna Moneymaker/Getty Images
John Haughey
John Haughey
Reporter
3/29/2022|Updated: 3/29/2022

President Joe Biden’s proposed United States’ federal $5.8 trillion Fiscal Year 2023 budget increases overall domestic spending by 7 percent, boosts military allocations by 10 percent and includes a raft of new tax levies for high-income earning individuals while raising the corporate income tax from 21 percent to 28 percent.

The 149-page proposed budget introduced on March 29 is not a set-in-stone, line-by-line appropriations package, but an outline of aspirational spending requests certain to be significantly amended over the spring and summer by Congress before the new fiscal year begins Oct. 1.
John Haughey
John Haughey
Reporter
John Haughey is an award-winning Epoch Times reporter who covers U.S. elections, U.S. Congress, energy, defense, and infrastructure. Mr. Haughey has more than 45 years of media experience. You can reach John via email at [email protected]
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Related Topics
inflation
infrastructure
budget deficit
deficit spending
Defense spending
biden administration
Biden administration's climate agenda
Build Back Better
Biden infrastructure package
FY2023
United States federal budget
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