The new Biden budget proposal was worse than anyone thought.
The socialist spending sprees requested by the President were downright laughable.
And Joe Biden announced yet another massive tax increase. But Republicans just gave him a rude awakening.
There was no question President Joe Biden’s new budget proposal was going to contain huge spending increases to an already bloated and out-of-control federal ATM.
It was only a question of how much more.
A looming battle royale
Well, the budget is in and – to the surprise of literally no one – President Biden wants to increase the federal government’s spending by a whopping $1 TRILLION in the next fiscal year.
His $6.8 trillion dollar budget is actually four times larger times than the $1.7 trillion omnibus budget disaster ruling class elites in both parties teamed up to pass late last year.
But what was somewhat surprising to some was the President’s proposal for actually paying for his out-of-control spending addiction.
Biden’s new budget contains more than $2 TRILLION in tax increases on working class Americans, which he claims will not only pay for all the spending, but also lower the deficit.
Clearly, President Biden’s multiple college degrees didn’t include basic math.
And thus far, Republicans have made clear that Biden’s budget is dead on arrival, setting the stage for an epic battle to unfold over spending in the coming months.
“You know the President’s budget is replete with what they would do if they could — thank goodness the House is Republican — massive tax increases, more spending,” Senate Minority Leader Mitch McConnell (R-KY) told reporters.
Not see the light of day
McConnell added that “the American people can thank the Republican House” that Biden’s proposed tax increases “will not see the light of day.”
And the Senator may be right.
Under Mitch McConnell’s supposed “leadership,” Senate Republicans have shown a willingness to cut deals with Democrats on bad legislation and sell out the GOP’s working class base in favor of ruling class elites time and time again.
But so far, House Republicans appear to be holding the line, and have even gone on offense to finally investigate the out-of-control federal government and President Biden’s corruption.
That bodes well for the American people as long as the GOP stays solid and resolute, because there is no doubt the nation can no longer afford to spend like drunken sailors on shore leave.
Cutting the deficit by spending more
Democrats’ math is interesting, to say the least.
Clearly, they are using new math for their numbers.
Because according to Biden and Democrats, his $6.7 TRILLION budget will somehow cut the national deficit while increasing spending – the type of sales pitch typically reserved for snake oil salesmen.
This is the same kind of thinking – from both parties – that has increased the national debt from $27.7 trillion when Biden took office to an outlandish $31 trillion today.
Of course, Democrats say they will simply increase taxes to pay for their out-of-control spending addiction, relying on working class Americans, as always, to foot the bill for their left-wing special interest spending.
President Biden included two staples of his 2021 “Build Back Better” plan in his proposal, including raising the top income tax rate from 37% to 39.6%, and raising the corporate tax rate from 21% to 28%.
And those are just some of the tax increases being proposed by the Democrat President.
While Biden has little chance of getting his proposed spending and tax increases, much less his outrageous budget request, through the Republican-controlled House, his proposals will serve as a starting point for negotiations with Speaker Kevin McCarthy (R-CA) and Republicans to raise the debt limit.
Considering the reality of the situation, Americans should hope Kevin McCarthy stays resolute on both fronts.
US Political Daily will keep you up-to-date on any developments to this ongoing story.