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

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

The funds 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.

General, the 2023 fiscal 12 months funds shifts focus away from the Covid-19 pandemic, which has subsided after the huge omicron wave late final 12 months. Notably, there aren’t any emergency pandemic or supplementary funds being requested.

Within the place of Covid, the funds focuses on the necessity to sort out crime and public security, and the worldwide peril created by Russia’s invasion of Ukraine.