WASHINGTON — President Joe Biden's fiscal 2023 budget proposal increases additional military spending as Russia's invasion of Ukraine rages on, and seeks tighter gun regulation and a new tax provision targeting billionaires. The budge proposal includes $6.9 billion for the European Deterrence Initiative, NATO and countering Russian aggression to support Ukraine, among other partners. "I’m calling for one of the largest investments in our national security in history, with the funds needed to ensure that our military remains the best-prepared, best-trained, best-equipped military in the world," said Biden in a statement. " In addition, I’m calling for continued investment to forcefully respond to Putin’s aggression against Ukraine with U.S. support for Ukraine’s economic, humanitarian and security needs." The White House projects the budget proposal would reduce the federal deficit by more than $1 trillion over the next decade. Congress takes the president's recommendations and crafts their own budget, often ignoring proposals that come from the White House. Republicans have long been critical of Democrats' ballooning budget deficits, especially in 2020 when the federal budget deficit was projected to hit a record $3.3 trillion, as a result of the Coronavirus aid packages used to prop up the economy. This latest budget proposal from the president seems to counter the Republicans' line of attack as we head into the 2022 midterm elections. White House officials told reporters on a call Monday ahead of the release that there have been . . . read the full article here.