Republicans have criticized US President Joe Biden’s budget plan, calling it “reckless” – such an assessment was given by lawmakers in the Senate. area Kevin McCarthy, Speaker of the US House of Representatives.
Biden’s budget plan calls for an eight percent increase in federal spending to $6.9 trillion and an increase in taxes for corporations and the wealthiest Americans.
“President Joe Biden’s budget is a reckless proposal, doubling down on the spending policy favored by the far left. “It has already led to record inflation and the current debt crisis,” Republicans said in a statement.
Representatives of the Republican Party, which holds the majority in the House of Representatives, on the contrary, propose to reduce foreign aid expenditures and the amount of funds allocated to the US Department of Education by reducing the budget by 150 billion dollars. .
According to the previous report of the US Treasury Department, the February budget deficit in the USA made $262,434 billion versus the $38.8 billion deficit in January.