Thank you to Russ Sullivan and the team at Brownstein Hyatt Farber Schreck LLP for this report.
The Biden administration released its fiscal year (FY2022) discretionary budget request, also known as the “skinny budget.”
The request proposes $769 billion in non-defense discretionary funding, a 16% increase over the FY2021 enacted level, and $753 billion for national defense programs, a 1.7% increase.
Specific policies emphasized in the budget include funding to tackle the climate crisis, advance economic equity, invest in public health and address threats to domestic security.
The topline funding request allows congressional appropriators to begin the months-long appropriations process to fund the federal government—a process that ends on Sept. 30, unless a continuing resolution is passed.
Next, the administration will release more details on its funding request through a comprehensive budget request. While a timeline for this currently remains uncertain, President Biden could provide more details at his first State of the Union Address.
To view the funding request, click here.
The Brownstein Tax Policy Team will release a more robust analysis of today’s topline funding request in the coming days.
Thank you to Russ Sullivan and the team at Brownstein Hyatt Farber Schreck LLP for this report.
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