President Biden just released his new budget proposal and surprise,
surprise — it’s another massive tax-and-spending boondoggle courtesy of
the American taxpayer.
The president’s proposal includes $5 TRILLION in new tax increases
that will hammer American families and small businesses – his biggest
tax hike to date. Worse, the president’s plan also injects another $43
billion into the IRS. That’s on top of the $80 billion given to the
agency last year to hire 87,000 new agents to come after more of your
This is a nothing shy of direct attack on hardworking families.
Our country is $31 trillion in debt and we are only adding more by
the day. Instead of targeting Americans’ bank accounts through higher
tax bills and IRS audits, Biden and Democrats in Congress need to come
to the table and work with Republicans to address the mounting debt
crisis and massive overspending by the federal government.
Biden’s tax-and-spend budget only adds to the nation's debt
Higher taxes, higher spending, and more debt. President Joe
Biden’s proposed budget for 2024 lives up to every caricature of a
classic tax-and-spend Democrat.
Factor in inflation, and Biden even managed to cut defense spending. It’s Jimmy Carter all over again.
The White House is trying to spin its spending plan as a cut to
long-term deficits. Don’t believe it. In the near term, Biden’s budget
only raises taxes, spending, and next year’s deficit.
According to the Congressional Budget Office’s most recent
projections, in 2024, the federal government is set to spend $6.4
trillion and take in $4.8 trillion, leaving a $1.6 trillion deficit.
Biden’s budget would raise spending to $6.9 trillion and taxes to $5
trillion, thus raising the deficit to $1.9 trillion.
None of those numbers are good for taxpayers or the economy. And
they look even worse compared to what the 2024 numbers were projected to
be when Biden was first sworn into office.
Before Biden’s trillion-dollar COVID stimulus, before his
infrastructure bonanza, and before the inaptly named Inflation Reduction
Act, the federal government was projected to spend $5.3 trillion in
2024 while taking in $4.4 trillion. That means there was a projected
deficit of $900 billion. But thanks to Biden’s spending, which has sent
inflation to near-record highs, the federal deficit would now be a full
trillion dollars higher in 2024 if Biden’s budget became law.
The mundane details of Biden’s domestic spendathon are all old news.
There is nothing new or innovative in this document. Name a failed
government program that Biden first proposed for his Build Back Better
agenda that was rejected by Sens. Joe Manchin (D-WV) and Kyrsten
Sinema (I-AZ), and it is in this budget. Expensive new day care programs
that punish married families and discriminate against churches? Check.
Preschool programs proven not to work for low-income children? Check.
Parental leave programs that punish mothers who don’t want to work full
All the worst failed social engineering programs that died in
Congress over the last two years have been resurrected in this document.
Despite all the lavish new spending designed to remake the American
family, Biden then stiffs our military. With inflation raging at 6.4% —
again, thanks to Biden’s previous reckless spending — his budget would
raise defense spending by just 3.2%. Considering all the weapons and
ammunition we are currently sending to support Ukraine’s war against
Russia in Europe, and the very real threats China has been making
against Taiwan, this functional spending cut to defense is both a
dereliction of duty and an accounting gimmick. It is a classic
Washington budget trick to short-fund things that are essential — and
the more essential, the better. That way, your budget looks less
bloated, but you know Congress will be forced to authorize additional
funds at a later date.
Fortunately, Biden’s budget proposal is dead on arrival in Congress.
Not even Senate Democrats want to relive Biden’s Build Back Better
debacle. But the ball is now in House Republicans’ court. They need to
produce their own plan to fund defense, cut spending, and lower
deficits, all without raising taxes.