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Biden discusses proposed tax on ultra-rich and protection spending in 2023 price range


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President Joe Biden is scheduled to unveil his 2023 federal price range on Monday afternoon on the White Home.

The price range request to Congress options tax hikes on the ultra-wealthy and companies whereas offering billions of {dollars} in new spending for the Protection Division and the Justice Division.

Total, the 2023 fiscal yr price range shifts focus away from the Covid-19 pandemic, which has subsided after the large omicron wave late final yr. Notably, there are not any emergency pandemic or supplemental funds being requested.

Rather than Covid, the price range focuses on the necessity to sort out crime and public security, and the worldwide peril created by Russia’s invasion of Ukraine.



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