Biden Unveils $5.8 Trillion Budget Proposal with Increased Taxes on Businesses, Wealthy Individuals

President Joe Biden unveiled a new 2023 budget proposal Monday along with major tax increases to help pay for it.

Biden’s budget, which comes in at about $5.8 trillion, is not expected to become law, but presidential budgets help set the legislative priorities for the year to come.

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Analysis Details $8.9 Billion Spending Increase in Lee’s Budget Proposal

Bill Lee speaking

Tennessee Gov. Bill Lee’s $52.6 billion budget proposal uses $8.9 billion more in general fund dollars than the state’s current budget, according to an analysis from The Sycamore Institute.

The additional spending comes from multiple sources. A large portion is from excess taxes and fees collected over the past three years and an influx of federal funds.

The Sycamore Institute pointed to $5.2 million more in funds available this fiscal year than what was budgeted in July, including a $2.3 billion surplus from fiscal year 2021 and $2.3 billion more in surplus from fiscal 2022.

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16 Republican AGs Seek Federal Pressure on China, Mexico over Fentanyl Crisis

Antony Blinken

Sixteen Republican state attorneys general are calling on Secretary of State Antony J. Blinken to take action against China and Mexico for their role in creating a fentanyl crisis in the U.S.

“China’s complete unwillingness to police the production and distribution of fentanyl precursors and Mexico’s subsequent failure to control illegal manufacturing of fentanyl using those precursors,” the attorneys general argue, poses a daily threat to Americans.

West Virginia and Arizona are leading the effort. Joining them are the attorneys general of Alabama, Alaska, Arkansas, Florida, Georgia, Indiana, Kansas, Kentucky, Mississippi, Missouri, Montana, South Carolina, South Dakota and Texas. They say they’ve witnessed an “extraordinary tide of senseless death from fentanyl” in their states.

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Virginia Republicans Blast Northam’s Budget Proposal to Expand Court of Appeals

After Governor Ralph Northam made a number of proposals to the state’s biennial budget on Wednesday, several Republican legislators rebuked the Democrat’s recommendation to expand the Virginia Court of Appeals and claimed he was trying to pack the court.

Northam presented his budget proposals during a virtual meeting with the House of Delegates and Senate appropriation committees.

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Ohio House Democrats Question ‘Fiscal Stability’ of Republican Governor’s $69 Billion Budget Proposal

Ohio House Democrats are raising concerns over the “fiscal stability” of Republican Gov. Mike DeWine’s $69 billion budget proposal released Friday. House Minority Leader Emilia Strong Sykes (D-Akron) said that while her caucus was “encouraged by the governor’s commitment to supporting Democratic policies of investing in families, maintaining access to…

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Ohio Governor Mike DeWine Cites Bible in Budget Proposal That Increases Spending by Seven Percent

Gov. Mike DeWine (R-OH) released his first two-year budget proposal Friday morning in what he is describing as a $69 billion investment in “Ohio’s future.” “As I shared in my State of the State address, the Bible tells us that there is a time and a place for everything. Now…

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Governor Walz’s $49 Billion Budget Proposal Will Make Minnesota a ‘Cold California’

Gov. Tim Walz (D-MN) unveiled his highly anticipated budget proposal for the 2020-2021 biennium at a press conference Tuesday afternoon. When all is said and done, the two-year budget registers at $49.5 billion with no cuts to any existing spending. “I’ve often said that a budget is far more than…

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