President Joe Biden’s proposed United States’ federal $5.8 trillion Fiscal Year 2023 budget increases overall domestic spending by 7 percent, boosts military allocations by 10 percent and includes a raft of new tax levies for high-income earning individuals while raising the corporate income tax from 21 percent to 28 percent. The 149-page proposed budget introduced…

The Pentagon could retire 33 of the service’s oldest F-22 fighter jets in fiscal 2023 as part of a move to fund research for more advanced combat jet designs, according to reports. The service’s $773 billion budget for the upcoming fiscal year details that the Air Force would scrap more than 150 aircraft including 33…