Legislative
Republicans dig in on plans to cut domestic spending as Biden unveils his budget
Capitol Hill is gearing up for a fierce battle over the national budget after President Biden unveiled his spending plan on Thursday, as Republicans dig in on their position on cutting domestic spending.
The White House and Congressional Republicans strongly disagree on the national deficit, with
Biden’s new $6.9 trillion proposal calls for increasing spending by approximately $2 trillion over the next ten years, while Republicans have clearly stated they want the national deficit reduced before any increases in spending. Their ideas on how to pay for expenses already passed by Congress also differ, with the Biden administration leaning on taxes from corporations and the wealthy and Republicans seeking to slash tax hikes previously implemented by the White House.
However, the White House got ahead of the GOP on Wednesday, with Press Secretary Karine Jean-Pierre announcing, Biden’s spending plan would “cut the deficit by nearly $3 trillion over the next 10 years. That’s nearly a $6 trillion difference between the President’s budget and congressional Republicans’ agenda, which would add $3 trillion to the debt.” White House budget director Shalanda Young took a jab at Republicans’ plans to slash tax hikes when speaking to reporters on Thursday, saying “All our proposals are paid for, and we’re doing this in a fiscally responsible manner.”
With Republicans controlling the House of Representatives, Biden’s spending plan has little chance of passing the House as is, and political leaders are headed for an intense round of negotiations. President Biden called on House Speaker Kevin McCarthy (R) on Thursday to meet with him to discuss the national budget and spending plan, saying during a televised address, “I’m ready to meet with the speaker anytime.”
CATEGORY:Legislative
-
News4 days agoLabrador Retrievers no longer America’s favorite dog breed
-
Executive5 days agoMissouri v. Biden moves forward
-
Legislative3 days agoCA lawmakers consider bill that would ban foods with harmful ingredients, including soup and Skittles
-
Accountability2 days ago‘Already past the point of no return’: JPMorgan says U.S. headed for recession
-
Executive1 day agoSo That You All Understand How This All Works – It Is ALL A Controlled Narrative: This Foreigner Exposes Them All! (Video)
-
Creation Corner4 days agoGod of the gaps?
-
Money matters1 day agoLindsay Lohan, Akon and Ne-Yo fined for illegal crypto promotion
-
Legislative3 days agoHakeem Jeffries responds to McCarthy’s threat of using House committee to politicize looming Trump arrest
If we want to end the recession created the Democrats/”Left” we need to do what Calvin Coolidge did in 1920 that ended the depression that occurred in 1920 – reduce taxes and get rid of regulation that serve no purpose and are harmful. If FDR and others had done that in the 1930s the Great Depression would have not lasted until the 1940s/1950s. But the “Left” wants a recession and depression to control people.