Biden’s 2023 Budget Looks to Trim Deficits, Boost Defense, Tax the Rich – By Yuval Rosenberg (The Fiscal Times) / March 28, 2022
President Joe Biden on Monday unveiled his budget for 2023, proposing a $5.8 trillion plan that also envisions reducing the federal deficit by about $1 trillion over 10 years.
Yet while the White House blueprint reflects a notably stronger emphasis on deficit reduction, it also includes sizable spending increases across a range of domestic programs, including billions more for police departments and the military.
The budget proposes about $1.64 trillion in discretionary defense and non-defense spending for 2023, which represents a 7% increase over current levels. That includes $813.3 billion in national security spending, an increase of $31 billion, or 4%, over 2022 and about $650 billion for non-defense programs, an increase of $56 billion, or 9.5%. The White House also proposes that medical care under the Department of Veterans Affairs be broken out as its own category, with $119 billion in funding, or a 22% increase.
