A government watchdog group is exposing holes in President Joe Biden’s new $6.8 trillion budget proposal.
An analysis by the Committee for a Responsible Federal Budget predicts the national debt would be at a record 106% of GDP by 2027 if Biden’s budget is passed.
Biden’s proposal features a laundry list of Democratic policy priorities and is seen as a blueprint for his 2024 campaign platform. Republicans immediately speaking out against what they say are ideas that would hurt average Americans.
For example, they’re criticizing Biden’s wish to give billions of dollars more to the IRS on top of the massive increases granted in last year’s Inflation Reduction Act.
Republicans on the House Ways and Means Committee pressed Treasury Secretary Janet Yellen during a hearing on Friday.