After falsely claiming that the economy was overperforming during his State of the Union address, President Joe Biden unveiled his 2025 budget proposal, which has been heavily opposed by Republicans who have declared the measure dead on arrival in Congress, recently citing the Biden administration’s “insatiable appetite for reckless spending.”
House and Senate Republicans issued a scathing rebuke of the White House’s proposal for fiscal year 2025, which includes $7.3 trillion in spending and $5.5 trillion in tax revenue, ramping up the national deficit for 2025 to nearly $1.8 trillion, according to the Washington Examiner.
“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,” House Speaker Mike Johnson (R-LA), alongside the House leadership team, said in a recent statement.
“Biden’s budget doesn’t just miss the mark — it is a roadmap to accelerate America’s decline,” the statement continued.
My joint statement with @SteveScalise, @GOPMajorityWhip, and @RepStefanik on Biden’s budget proposal: pic.twitter.com/6StD9YAzMe
— Speaker Mike Johnson (@SpeakerJohnson) March 11, 2024
House Republicans recently released a budget seeking to cut $14 trillion in federal spending over the next 10 years by reducing federal benefits and social programs — a stark contrast to the left’s fiscal plan.
The president’s proposed budget wants to increase spending on social programs to help the middle class, paid for through higher taxes on wealthy corporations and the top 1% of earners in the U.S. through approximately $5 trillion in new taxes over the next 10 years.
Senate Republicans pointed out that Biden’s plan marks a 4.7% increase from his proposed budget in 2023.
“Joe Biden’s budget is not only over a trillion dollars more than what he asked for last year, it mixes in a mishmash of liberal wish list items, programs, and $5 trillion in tax increases while completely disregarding the needs of struggling Americans,” Sen. Eric Schmitt (R-MO) told the Washington Examiner.
“When we are currently $35 trillion in debt, this budget is irresponsible and insane. We should call this what it is: a campaign talking point, not a serious budget proposal,” the Missouri congressman added.
Senate Majority Leader Chuck Schumer (D-NY) applauded the president over his proposed budget, claiming it serves as a “positive proactive vision” and policy platform for the president.
