Jackson Purchase News

WASHINGTON, D.C. – U.S. Senate Republican Leader Mitch McConnell (R-KY) criticized President Biden's budget request for Fiscal Year 2025, highlighting concerns about deficits and tax increases. McConnell expressed his disappointment, stating, “Yesterday, President Biden released his budget request for the next fiscal year. Here’s the top line: he wants the American people to take on more than $16 trillion dollars in cumulative deficits over the next decade."

McConnell further pointed out a shift from Biden's previous promises, noting, “After repeatedly promising not to raise taxes on households making less than $400,000 a year, the President is now selling a plan that would heap $5 trillion dollars in new and expanded taxes on American workers and job creators." He emphasized that the proposed budget would elevate taxes to levels not seen since World War II, stating, “The Biden Administration’s budget proposal would raise taxes as a share of the U.S. economy to levels our nation hasn’t seen since the Second World War."

The Republican Leader raised concerns about the prioritization of taxes over defense investments, remarking, “The President apparently only wants to tax the American people at wartime levels. By contrast, he shows no interest in the sort of defense investments that were needed to squeeze the Soviets in the 1980s, let alone to liberate Europe and Asia in the 1940s."

McConnell highlighted the perceived neglect of national defense in the budget proposal, stating, “In a budget request full of gross excess in all the wrong places, neglecting the national defense is the takeaway that history will remember as the most alarming." The Senator expressed disappointment in what he sees as a lack of commitment to defense funding in the face of growing global challenges.

As discussions on the budget request continue, concerns over the allocation of resources between taxes and defense spending are likely to remain at the forefront of the debate.