Republican lawmakers denounced the fiscal year 2024 budget proposal released by President Joe Biden on Thursday.
The suggested $6.9 trillion for the federal government’s operations would constitute a $1.1 trillion increase from the $5.8 trillion proposed by the White House for the previous fiscal year. The budget would decrease the total deficit over the next decade from $20 trillion to $17 trillion.
Senior Republican officials announced that they would oppose the plan, which hinges upon expanded social programs and higher taxes. “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) remarked on social media. “Washington has a spending problem, not a revenue problem.”