Biden’s One-Sided Attack on Republican Budgeting
President Joe Biden has repeatedly tried to flip the script about the GOP claiming to be the party of fiscal responsibility, saying Republicans’ plans would add $3 trillion to the debt over the next decade. There are some Republican proposals that would add to the debt, but the most recent Republican Study Committee budget proposal also includes deep spending cuts, which would trim deficits far more than Biden proposed doing.
The biggest deficit driver highlighted by Biden is Republican efforts to extend the tax cuts championed by then-President Donald Trump in 2017. They’re set to expire after 2025, and extending them, as the Republican Study Committee budget released last summer proposes, would add $2.7 trillion to the debt over 10 years, Biden says.
But that budget also includes $16.6 trillion in spending cuts, and purports to balance the federal budget in seven years.
In other words, Biden is cherry-picking Republican priorities that would add to the deficit, while ignoring that Republicans are also calling for spending cuts that would more than make up for those losses.
Repealing the Inflation Reduction Act
“The truth is, if you look at their [Republicans’] record, it’s clear they’re not the party who cares about fiscal responsibility,” Biden said at the on March 1.
