{"id":16870,"date":"2024-03-12T12:47:02","date_gmt":"2024-03-12T12:47:02","guid":{"rendered":"https:\/\/shareperformanceinsight.com\/index.php\/2024\/03\/12\/house-gop-leaders-tear-up-bidens-new-7-3t-budget-proposal\/"},"modified":"2024-03-12T12:47:02","modified_gmt":"2024-03-12T12:47:02","slug":"house-gop-leaders-tear-up-bidens-new-7-3t-budget-proposal","status":"publish","type":"post","link":"https:\/\/shareperformanceinsight.com\/index.php\/2024\/03\/12\/house-gop-leaders-tear-up-bidens-new-7-3t-budget-proposal\/","title":{"rendered":"House GOP leaders tear up Biden\u2019s new $7.3T budget proposal"},"content":{"rendered":"
\n

House Republican leaders are blasting President Biden\u2019s proposed plan for how to fund the government in fiscal year 2025.<\/p>\n

\u2018The price tag of President Biden\u2019s proposed budget is yet another glaring reminder of this Administration\u2019s insatiable appetite for reckless spending and the Democrats\u2019 disregard for fiscal responsibility. Biden\u2019s budget doesn\u2019t just miss the mark \u2013 it is a roadmap to accelerate America\u2019s decline,\u2019 read a joint statement by House Speaker Mike Johnson, R\u2013 La., Majority Leader Steve Scalise, R\u2013 La., Majority Whip Tom Emmer, R\u2013 Minn., and GOP Conference Chair Elise Stefanik, R\u2013 N.Y.<\/p>\n

\u2018While hardworking Americans struggle with crushing inflation and mounting national debt, the President would increase their pain to spend trillions of additional taxpayer dollars to advance his left-wing agenda.\u2019<\/p>\n

The U.S. national debt is currently just over $34.5 trillion, according to the U.S. Debt Clock.<\/p>\n

Biden\u2019s $7.3 trillion budget plan, which he unveiled Monday, includes proposals to hike taxes on corporations and high-income households. It lays out roughly $5 trillion in tax increases overall, which the White House said would be split evenly between corporations and the top 2% of earners.<\/p>\n

It also aims to push forward his progressive policies, like dedicating $8 billion over 10 years to the American Climate Corps and $3 billion for the Green Climate Fund, which helps developing countries fight climate change.<\/p>\n

The budget proposal also includes $1.8 billion toward boosting development programs in the STEM fields that have an emphasis on diversity, equity, inclusion and accessibility.<\/p>\n

The budget is largely symbolic and has virtually no chance of passing the Republican-controlled House.\u00a0<\/p>\n

However, it is a significant part of the president\u2019s pitch to voters as he seeks to win another term in November.<\/p>\n

House Republicans advanced their own budget last week, led by Budget Committee Chairman Jodey Arrington, R-Texas, aimed at cutting $14 trillion in federal spending over 10 years by slashing federal benefits and social programs, among other areas. It also aims to reduce taxes and roll back Biden\u2019s green energy subsidies.<\/p>\n

Congressional leaders are beginning to discuss the roadmap to funding fiscal year 2025, even as negotiations continue on how to fund the remainder of fiscal year 2024, which began on Oct. 1, 2023.<\/p>\n

Disagreements over federal spending have fueled historic levels of division on Capitol Hill. Congress passed half of their 12 spending bills in a massive $460 billion package last week, and the remainder must be funded by March 22 to avoid a partial government shutdown.<\/p>\n<\/div>\n

This post appeared first on FOX NEWS<\/div>","protected":false},"excerpt":{"rendered":"

House Republican leaders are blasting President Biden\u2019s proposed plan for how to fund the government in fiscal year 2025. \u2018The price tag of President Biden\u2019s proposed budget is yet another glaring reminder of this Administration\u2019s insatiable appetite for reckless spending and the Democrats\u2019 disregard for fiscal responsibility. Biden\u2019s budget doesn\u2019t just miss the mark \u2013 <\/p>\n","protected":false},"author":0,"featured_media":16871,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":{"0":"post-16870","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-politics"},"_links":{"self":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/posts\/16870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/comments?post=16870"}],"version-history":[{"count":0,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/posts\/16870\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/media\/16871"}],"wp:attachment":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/media?parent=16870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/categories?post=16870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/tags?post=16870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}