President Biden’s 2024 budget proposal was trounced by Republican lawmakers on arrival. Of course.
The president’s $6.9 trillion budget included a $1.1 trillion increase from the $5.8 trillion proposed by the White House for the previous fiscal year.
“President Biden just delivered his budget to Congress, and it is completely unserious. He proposes trillions in new taxes that you and your family will pay directly or through higher costs,” House Speaker Kevin McCarthy (R-CA) wrote on social media. “Washington has a spending problem, not a revenue problem.”
Mike Crapo (R-ID), from the Senate Finance Committee, said that Biden’s budget did not encourage job creation and higher wages, but it increased tax burdens. “The President’s budget makes clear the administration has not learned from its mistakes that have led to two years of record-high inflation and excessive deficit spending. Instead, this administration is doubling down with more of the same,” he commented. “Revenues are not the problem; Washington’s insatiable appetite for unfettered spending is the problem.”
This budget will most certainly fail in the House which is controlled by the GOP and it will face intense opposition from Republicans in the Senate.
“The federal government can’t get enough of taxpayers’ hard-earned dollars,” Sen. Marsha Blackburn (R-TN) said in a statement. She wrote on social media that Biden’s “disastrous budget will be dead on arrival.”
Democratic lawmakers loved the social initiatives that were represented in the president’s budget, they included childcare benefits and higher education programs. “President Biden’s budget plan fits the needs of American families,” Senate Majority Leader Chuck Schumer (D-NY) commented in a statement. “It is a roadmap that will lead our country to a better future.”
The New York Times agreed that Biden’s budget had no chance of passing a Republican House, but it served as an “opening bid” in what will be a budget battle