The Biden administration on Monday unveiled the president's budget proposal for 2023, totaling more than $5.7 trillion in spending and including a new tax on billionaires as the president looks to lower the deficit moving forward.
WASHINGTON, D.C. — The Biden administration on Monday unveiled the president’s budget proposal for 2023, totaling more than $5.7 trillion in spending and including a new tax on billionaires as the president looks to lower the deficit moving forward.
In it, President Biden lays out his priorities for the coming year, which could be pivotal heading into the midterm election. This is the first step in the lengthy budget process and comes just weeks after Congress passed the omnibus spending bill for the rest of 2022. In a statement, Mr. Biden said his budget sends a “clear message that we value fiscal responsibility, safety and security at home and around the world, and the investments needed to continue our equitable growth and build a better America.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden to propose new minimum tax on wealthiest Americans in 2023 budgetIf enacted, the “Billionaire Minimum Income Tax” would impose a 20 percent minimum tax rate on households worth more than $100 million.
Read more »
If Only The New 2023 Acura Integra Looked Something Like This Unofficial Coupe Render | CarscoopsIf Only The New 2023 Acura Integra Looked Something Like This Unofficial Coupe Render | Carscoops carscoops
Read more »
First drive review: 2023 Mazda CX-50 makes for a better CX-5The 2023 Mazda CX-50 sets out to be a more rugged CX-5, but ends up being better on the road as well.
Read more »
2023 Mazda CX-50 first drive review | Car Reviews | Auto123Auto123 gets in a first drive of the 2023 Mazda CX-50, the new SUV that officially invites weekend warriors to the Japanese brand.
Read more »
Premier essai du Mazda CX-50 2023 | Essais routiers | Auto123Auto123 y va d’un premier essai du Mazda CX-50 2023, nouveau VUS qui invite officiellement les aventuriers du weekend chez la marque japonaise.
Read more »
2023 Alfa Romeo Giulia And Stelvio Estrema Editions Arrive As Quadrifoglio Lite | CarscoopsEstrema Editions gain carbon fiber accents as well as an active suspension and a limited-slip rear differential
Read more »