Yet President Biden’s unserious budget proposal includes trillions in new taxes that families will pay directly or through higher costs.Follow us on Image Source : GOOGLE BLOG Google rolling out 'Immersive View' in Maps worldwide This is a spending problem, not a revenue problem. Under CBO’s new projection, that number will go up to average $1.34 over the next ten years. For every dollar the federal government takes in, we spend $1.29. 'Despite the federal government collecting as much in taxes from American families as at any point in our history, federal spending is rising even faster and our debt is soaring, burdening hardworking families across America.

Yet, President Biden is proposing out of control spending and delaying debt negotiations, following his pattern of shrugging and ignoring when faced with a crisis. Our debt is one of the greatest threats to America and the time to address this crisis is now. 'We must cut wasteful government spending. In the next ten years, the federal government will spend over $10 trillion on interest alone. 'Yesterday, Republicans and Democrats heard from the Director of the nonpartisan Congressional Budget Office and our worst fears were confirmed – after passing trillions of dollars in new deficit spending that we cannot afford, over the next 30 years, the national debt will be nearly twice the size of the entire economy. 'President Joe Biden's budget is a reckless proposal doubling down on the same Far Left spending policies that have led to record inflation and our current debt crisis. – Today, Speaker Kevin McCarthy (CA-20), Majority Leader Steve Scalise (LA-01), Majority Whip Tom Emmer (MN-06), and Republican Conference Chairwoman Elise Stefanik (NY-21) issued the following statement:

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