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Americans for Prosperity Press Release

Biden’s Claims of Deficit Reduction: Nothing More Than a Political Rescue Mission

Mar 9, 2023 by AFP

ARLINGTON, VA—In response to President Biden’s 2024 budget speech, Americans for Prosperity’s Vice President of Government Affairs Akash Chougule made the following statement: 

“President Biden unleashed the worst inflation in four decades with $4.8 trillion in new borrowing during his first two years in office. Now, he wants to increase taxes on Americans to pay for it. His claims of deficit reduction are nothing more than a political rescue mission, and they fall flat in the face of reality after correcting for budget gimmicks that only fly in Washington.

“In today’s speech, President Biden did not signal a hint of interest in working with Congress to reduce the soaring costs of Americans’ groceries and gasoline. He failed to lay out reforms to any of the programs that are driving our nation’s fiscal insolvency. Instead, he once again doubled down on an extreme agenda that will mean higher taxes, costlier regulations, and slower economic gains. Taxing businesses means that you get fewer of them. Congress should take a hard pass and focus instead on outcomes that meaningfully reform how the federal government budgets.”

Read AFP’s Agenda to End Budget Brinkmanship for innovative solutions to the debt challenges our country is facing.