President Biden released his $7.3 trillion dollar budget proposal on Monday and it didn’t take long for the House GOP to push back on Biden’s “reckless spending.”
Biden’s proposal is for funding the government in 2025. The U.S. national debt is currently more than $34.5 trillion.
“The price tag of President Biden’s proposed budget is yet another glaring reminder of this Administration’s insatiable appetite for reckless spending and the Democrats’ disregard for fiscal responsibility. Biden’s budget doesn’t just miss the mark – it is a roadmap to accelerate America’s decline,” read a joint statement by House Speaker Mike Johnson, R– La., Majority Leader Steve Scalise, R– La., Majority Whip Tom Emmer, R– Minn., and GOP Conference Chair Elise Stefanik, R– N.Y.
“While hardworking Americans struggle with crushing inflation and mounting national debt, the President would increase their pain to spend trillions of additional taxpayer dollars to advance his left-wing agenda.”
“House Republicans reject Biden’s misguided budget proposal and have taken action to steer our nation back to a path of fiscal sanity. Our efforts to rein in the runaway spending spree from last year’s budget have already yielded results, lowering projected deficits by $2.6 trillion over the next decade.”
Full statement below:
My joint statement with @SteveScalise, @GOPMajorityWhip, and @RepStefanik on Biden’s budget proposal: pic.twitter.com/6StD9YAzMe
— Speaker Mike Johnson (@SpeakerJohnson) March 11, 2024
From Fox News:
Biden’s $7.3 trillion budget plan, which he unveiled Monday, includes proposals to hike taxes on corporations and high-income households. It lays out roughly $5 trillion in tax increases overall, which the White House said would be split evenly between corporations and the top 2% of earners.
It also aims to push forward his progressive policies, like dedicating $8 billion over 10 years to the American Climate Corps and $3 billion for the Green Climate Fund, which helps developing countries fight climate change.
The budget proposal also includes $1.8 billion toward boosting development programs in the STEM fields that have an emphasis on diversity, equity, inclusion and accessibility.
The budget is largely symbolic and has virtually no chance of passing the Republican-controlled House.
More over at Fox News:
House GOP leaders tear up Biden's new $7.3T budget proposal: 'Reckless spending' https://t.co/ImHDWvzFIa
— Fox News Politics (@foxnewspolitics) March 11, 2024
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