Biden Budget Makes Thoughtful Tech Investments

Budget funds broadband expansion, CHIPS Act, antitrust enforcement

Mar 9, 2023

On Thursday, President Biden released his annual budget, proposing critical investments in the Federal Trade Commission (FTC), the National Institute of Standards and Technology (NIST), CHIPS and Science Act-authorized activities, and the ReConnect Program. To help pay for the budget’s historic investments, President Biden called for a minimum tax of 25 percent on the richest Americans.

“If budgets are value statements, then it’s clear President Biden wants to make sure that more people in more parts of the country benefit from the tech economy,” said Chamber of Progress CEO Adam Kovacevich. “This budget is aimed at closing  the digital divide and keeping the U.S. at the cutting edge of tech research, all while ensuring that the wealthiest Americans pay their fair share.”

Chamber of Progress has endorsed Democratic proposals to fund a new privacy and data security bureau at the FTC. The organization has also supported an increase in the corporate tax rate.


Chamber of Progress ( is a new center-left tech industry policy coalition promoting technology’s progressive future.  We work to ensure that all Americans benefit from technological leaps, and that the tech industry operates responsibly and fairly.  

Our corporate partners do not have a vote on or veto over our positions. We do not speak for individual partner companies and remain true to our stated principles even when our partners disagree.