Key Takeaways From Biden’s $1.52 Trillion Spending Plan
- Biden releases fiscal 2022 budget request to Congress Friday
- Money sought to fight domestic terrorism and tax cheating
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President Joe Biden’s $1.52 trillion spending plan for the next fiscal year provides the most detailed picture yet of his priorities as he draws an ever sharper contrast to his predecessor.
Overall, Biden is calling for an increase in regular non-emergency funding from $1.4 trillion to $1.52 trillion in fiscal 2022, an 8% increase. Most of the increase would be dedicated to domestic social programs, with a 16% increase compared to defense spending which would rise 2%.