(Adds Congressional Progressive Caucus response)
By Katharine Jackson
WASHINGTON, March 9 (Reuters) – U.S. President Joe Biden on Thursday sent a budget proposal that consists of a strong spending agenda, greater taxes on the rich and options to lower the deficit, a document that kinds the blueprint for his expected 2024 re-election bid.
Below is response to Biden’s funds proposal to Congress for the 2024 fiscal year:
U.S. Home Finances Committee Chair Jodey Arrington, Republican from Texas:
“His procedures have led to 40-calendar year report inflation, soaring fascination charges and the prospect of a sustained economic recession. However, Biden’s newest finances is far more of the exact same bloated bureaucracy at the price of operating families, when sticking our grandchildren with the invoice.”
U.S. House Democratic Chief Hakeem Jeffries:
“The Biden spending plan strategy guards Social Security, strengthens Medicare and invests in our small children. Household Republicans continue to cover their intense programs from the American people today.”
U.S. Dwelling Speaker Kevin McCarthy, Home The vast majority Chief Steve Scalise, Residence Vast majority Whip Tom Emmer and Republican Conference Chair Elise Stefanik in a joint assertion:
“President Joe Biden’s price range is a reckless proposal doubling down on the same Considerably Still left expending policies that have led to history inflation and our current personal debt disaster.”
Republican U.S. Dwelling Member Ben Cline of Virginia on Fox Company:
“I think his price range in the Republican House of Associates is going to be about as common as Pete Buttigieg in East Palestine, Ohio. I you should not assume it really is likely to get a, very well, really very good reception. His tax will increase are dead on arrival. We are performing on a spending budget that is going to get rid of the woke and weaponized federal government that Joe Biden has been pushing for yrs now.”
U.S. Senate Majority Chief Chuck Schumer:
“The president’s budget is established to be a daring, optimistic, and serious proposal for strengthening our financial system and building chances to climb into the middle course, as well as aiding persons remain there at the time they get in the middle class.”
Congressional Progressive Caucus Chair Pramila Jayapal:
“This price range would advance priorities progressives have been pushing for years, and continue the unfinished get the job done from the president’s 2022 agenda. ….. There are also a couple of areas the place we need to do superior, and be certain report stages of funding appear together with authentic accountability, notably for immigration and protection.”
Republican U.S. Senator Chuck Grassley of Iowa:
“Even with in close proximity to-document revenues, President Biden desires to raise taxes on each and every segment of The usa. Beneath his plan, the government’s chunk out of the economy would be the major due to the fact Earth War II. And inspite of all that, he’s by some means managed to continue incorporating to our countrywide credit card debt at a breakneck speed. It’s an unserious proposal, and will be taken care of as these by equally events in Congress.”
Josh Bivens, Financial Policy Institute, director of analysis:
“If you can find a quibble on the tax aspect, it truly is that it doesn’t check with enough of loads of American homes who could afford to pay for to spend more.”
U.S. Chamber Of Commerce Executive Vice President Neil Bradley:
“The administration’s proposed finances is a recipe for economic and fiscal disaster. Almost $2 trillion in paying boosts would end result in an economic climate exactly where one out of each and every 4 dollars is federal government spending. An unprecedented $5 trillion in tax improves would hit businesses of all sizes and lead to lessen wages for functioning People.”
U.S. Senate Armed Expert services Committee Chair Jack Reed, Democrat from Rhode Island, on Biden’s $886 billion in proposed national protection paying out:
“This topline ask for serves as a helpful beginning level.”
U.S. Property Armed Providers Committee Chair Mike Rogers, Republican from Alabama:
“A spending budget that proposes to increase non-defense investing at additional than twice the price of protection is absurd. The president’s incredibly misplaced priorities mail all the wrong messages to our adversaries.” (Reporting by Katharine Jackson, Trevor Hunnicutt, Andrea Shalal, Mike Stone and Kanishka Singh Enhancing by Alistair Bell and Cynthia Osterman)