Biden challenges Republicans to counter $7 trillion budget before debt ceiling fight

President Joe Biden a challenge to House Republicans and specifically House Speaker Kevin McCarthy (R-CA), in order to counter his $7 trillion federal budget offer, which will be used to frame the forthcoming debt ceiling fight.

“I want to make it clear: I’m ready to meet with the speaker anytime tomorrow if he has his budget,” Biden spoke Thursday in Philadelphia. “Lay it down; tell me what you want to do. I’ll show you what I want to do.”

BIDEN LAUNCHES OPENING SALVO IN DEBT CEILING FIGHT AGAINST GOP WITH BUDGET RELEASE

Biden portrayed his fiscal 2024 budget to fulfill a campaign promise, while he stands poised for a reelection bid. He also highlighted, for instance, the spending he made on public safety.

“If they say they want to cut the deficit, but their plans would explode the deficit, how are they going to make the math work?” He added the Republicans. “What are they going to cut?”

Biden emphasized how his budget would lower next year’s deficit by $3 trillion over ten years. This is in comparison to the pandemic spending of former President Donald Trump. His advocacy for extending the federal budget is also evident. MedicareThe Hospital Insurance Trust Fund was created by raising the Medicare tax rate for those earning over $400,000 to 5%. Inflation Reduction Act prescription drug negotiations provisions were reinvested into the Hospital Insurance Trust Fund. Additionally, he requested $835 billion for defense expenditures and an additional 5.2% raise for federal employees.

Biden criticised Republicans (especially Sen. Rick Scott, R-FL) for not considering automatic budgets before the release of this budget. “sun-setting” A variety of programs are available, Social Security Medicare. However, his budget does not provide any details on the former.

White House Office of Management and Budget Director Shalanda Youth defended Biden’s emphasis on Medicare over Social Security.

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