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 on March 29 is not a set-in-stone, line-by-line appropriations package, but an outline of aspirational spending requests certain to be significantly amended over the spring and summer by Congress before the new fiscal year begins Oct. 1. That is if an annual spending plan is adopted at all before the fiscal year begins. Congress has not adopted an annual budget before the beginning of a fiscal year since 2016, instead passing continuing resolutions to fund the federal government, including the 2,741-page, $1.5 trillion federal appropriations bill approved by both chambers on March 9 and March …