On Monday, the President of America submitted a 5.79T dollars budget proposal to the United States Congress that calls for best ever peacetime defense spending and additional support for embattled Ukraine, while increasing taxes for firms and billionaires and letting down government deficits.
But Mitch McConnell, the Minority Leader of the U.S. Senate, rejected the 2023 Budget Plan, and said it was much too light on military spending when global tensions heightened over the East European country.
The planned budget for the Fiscal Year-2023, which commences on 1st October, lays out President Joe Biden’s government primacies like campaign pledges to make the firms and rich pay more taxes that legislators on the U.S. Capitol would consider they craft spending lawmaking.
.@DepSecDef: Our FY23 budget request makes the investments to advance these priorities by pursuing three approaches that connect our means to our ends. Integrated deterrence is the first approach. pic.twitter.com/mLPPxbrJHW
— Department of Defense 🇺🇸 (@DeptofDefense) March 28, 2022
Moreover, the United States President’s submitted budget plan for FY-2023 includes a Pentagon budget of 813B dollars in spending for U.S. Defense, boasts a 4.6 percent pay increase for forces and the largest R & D budget in American history, as Moscow’s large-scale incursion spurs demands for additional defense spending. The defense budget proposed by the Joe Biden administration remains focused on China as the key strategic challenge, with stress on bolstering Western security in light of the Putin-imposed threat.
Additionally, the request from President Biden earmarks 773B dollars for the Pentagon and eclipses the budget proposal requests by Biden’s predecessor. An additional forty billion dollars is dedicated to defense-related agendas at the Department of Energy, Federal Bureau of Investigation, and other government agencies, bringing the national defense budget to 813B dollars, up from 778B dollars the past year.
‘Bold Fiscal Blueprint’
The all-out Russian incursion of Ukraine has driven recent support for greater security spending among GOPs and Democrats who see an increasing national defense and foreign policy threat from the President of the Russian Federation. As a result, the budget rises for the Defense Department’s European Deterrence Initiative (EDI) by 360B dollars to 4.2B dollars.
Simultaneously, the budget slows down the U.S. Defense Departments’ purchasing of the all-weather stealth multi-role combat aircraft F-35 Lightning II after leaders of the Air Force complained that technological advancements to the hardware of the aircraft were too slow.
Nancy Pelosi, U.S. House Speaker, said that the United States Congress looked forward to a ‘bold fiscal blueprint’ by Mr. Biden, even as some fellow members in the incumbent party chafed at Biden’s vow to strengthen security spending. The US leader’s proposal received immediate criticism from GOPs, who, together with moderate Dems, killed similar plans in the last budget.
Furthermore, President Biden told the media at the White House that the budget he’s releasing today, March 28, sends a clear message to the Americans about what they value: First, Fiscal responsibility, secondly the safety and security, and third the investments required to build a better USA. And President Joe Biden, a Democrat, said that he was requesting increased security spending to bolster the American military and forcefully answer Russian leader Putin’s assaults in Ukraine with one billion dollars in further American aid for Ukraine’s security, humanitarian and economic needs.