(AURN News) – President Joe Biden’s proposed 2025 fiscal year budget ignited a fierce partisan debate last month over the administration’s fiscal management and priorities. The White House maintains that the President has demonstrated fiscal responsibility, citing a $1 trillion reduction in the deficit since taking office and nearly $1 trillion in projected savings over the next decade.
However, House Republicans launched a blistering counterattack, accusing the President of proposing a historic $4.9 trillion tax increase and generating the largest debt in American history at $52.7 trillion.
The White House released a fact sheet in March lauding the President’s economic stewardship. “The President has delivered this progress while fulfilling his commitment to fiscal responsibility. The deficit is over $1 trillion lower than when President Biden took office, thanks in large part to the strength of our economic recovery,” the White House claimed, citing the Fiscal Responsibility Act and the Inflation Reduction Act’s measures to empower Medicare drug price negotiations and ensure corporations pay a minimum tax.
House Republicans fired back, with a post on X (formerly Twitter) denouncing the President’s budget. The GOP asserted that the president’s budget proposes a $4.9 trillion tax increase, the largest in history. They also accused Biden of saddling the nation with an unprecedented $52.7 trillion debt.
Already staunchly against any support for student loan forgiveness, Republicans also took aim at the President’s plans to invest $90 billion in free community college education.
Click play to listen to the AURN News report from Jamie Jackson:
