Biden to unveil 2023 budget; expected to ask for increase in military spending, tax on wealthy – By Daniel Uria (UPI) / March 28, 2022
March 28 (UPI) — President Joe Biden is set Monday to unveil his budget for the 2023 fiscal year — which is set to include an increase in military spending.
The president plans to request $813.3 billion in national security spending, including $773 billion for the Pentagon, Bloomberg reported.
The reported defense spending proposal marks an increase of $31 billion, or 4%, from approved spending in the current fiscal year and about $43 billion more than the White House budget office projected last year for the 2023 fiscal year.
It also falls short of a request from a group of 40 Republican lawmakers led by Rep. Mike Rogers, R-Ala., and Sen. Jim Inhofe, R-Okla., who sent a letter requesting that Biden increase military spending by 5% — saying that “threats to our national security have grown exponentially” during the past year.
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