Biden to Propose Nearly $3 Trillion in Deficit Cuts
President Joe Biden’s budget plan due to be released on Thursday reportedly proposes to cut deficits by nearly $3 trillion over the next 10 years — more than the $2 trillion the president promised in his State of the Union address last month.
Biden is scheduled to talk about his budget at an event in Philadelphia tomorrow, but the White House told reporters Wednesday that the plan would propose to cut deficits by more than previously expected — and by much more than previous Biden budget requests, which aimed to cut deficits by more than $1 trillion over a decade.
In the absence of a GOP plan, the White House has claimed that various Republican proposals would increase the debt by more than $3 trillion. Biden’s new budget thus paves the way for the president and the White House to portray the two budget plans as diametrically opposed. The president’s budget, which we will release tomorrow, will cut the deficit by nearly $3 trillion over the next 10 years,” White House press secretary Karine Jean-Pierre told reporters Wednesday. “That’s nearly a $6 trillion difference between the president’s budget and congressional Republicans agenda, which would add $3 trillion to the debt.”
President Joe Biden’s budget plan due to be released on Thursday reportedly proposes to cut deficits by nearly $3 trillion over the next 10 years — more than the $2 trillion the president promised in his State of the Union address last month.
Biden is scheduled to talk about his budget at an event in Philadelphia tomorrow, but the White House told reporters Wednesday that the plan would propose to cut deficits by more than previously expected — and by much more than previous Biden budget requests, which aimed to cut deficits by more than $1 trillion over a decade.
In the absence of a GOP plan, the White House has claimed that various Republican proposals would increase the debt by more than $3 trillion. Biden’s new budget thus paves the way for the president and the White House to portray the two budget plans as diametrically opposed. The president’s budget, which we will release tomorrow, will cut the deficit by nearly $3 trillion over the next 10 years,” White House press secretary Karine Jean-Pierre told reporters Wednesday. “That’s nearly a $6 trillion difference between the president’s budget and congressional Republicans agenda, which would add $3 trillion to the debt.”
