Colossal Debt, Spending, Tax Hikes In Biden’s Liberal Budget
View Source | March 10, 2023 6:55 am
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- President Joe Biden released his 2024 budget Thursday that includes a trove of tax hikes, quickly sparking pushback from critics.
- The White House said the budget will cut deficits by nearly $3 trillion over the next decade. Critics argued that despite those cuts, the national debt is still soaring, projected to surpass $50 trillion in the next decade.
- The Committee for a Responsible Federal Budget said despite Biden’s claims, U.S. Gross Domestic Product would increase from 98% at the end of this year to a record 110% by 2033.
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