President Biden Releases FY 2023 Budget Proposal
On Monday, President Biden sent his Fiscal Year 2023 budget proposal for the U.S. government to Congress. The $5.8 trillion proposal highlights the administration’s legislative priorities and largely serves as a blueprint for congressional Democrats to consider as they kickoff the appropriations process for the next fiscal year beginning October 1, 2022.
The budget calls for $813 billion in funding for national defense, increasing the corporate tax rate from 21% to 28%, a minimum tax of 20% on households earning more than $100 million, $880 million for the Federal Supplemental Educational Opportunity Grant, and $81.7 billion over the next five years for pandemic preparedness and biodefense.
Congressional committees will hold hearings on Biden’s budget in the coming weeks.
Impact on General Dentistry: The AGD is currently analyzing the budget for oral health and dentistry related programs and funding. The AGD is an active participant in the appropriations process, successfully securing appropriations funding and legislative language to bolster oral health programs and influence federal health policy year to year.
The budget calls for $813 billion in funding for national defense, increasing the corporate tax rate from 21% to 28%, a minimum tax of 20% on households earning more than $100 million, $880 million for the Federal Supplemental Educational Opportunity Grant, and $81.7 billion over the next five years for pandemic preparedness and biodefense.
Congressional committees will hold hearings on Biden’s budget in the coming weeks.
Impact on General Dentistry: The AGD is currently analyzing the budget for oral health and dentistry related programs and funding. The AGD is an active participant in the appropriations process, successfully securing appropriations funding and legislative language to bolster oral health programs and influence federal health policy year to year.