Smucker Comments on Biden’s Budget Proposal

Washington-Rep. Lloyd Smucker (PA-11), a senior member of the House Budget Committee, is reacting to the release of President Biden's Fiscal Year 2025 budget proposal which was released on Monday, a month after it was statutorily required under the Budget Control Act of 1974.

Last week, the House Budget Committee advanced a concurrent budget resolution, weeks ahead of schedule as required by law.

"It is critical that Congress takes action to change our nation's fiscal trajectory. Our national debt is an existential threat, and we must chart a new direction which creates a healthy economy and responsibly funds the American peoples' priorities.

Surprising no one, President Biden has released another proposal which includes historic tax hikes spending increases, and runs an average deficit of $1.6 trillion each year for the next ten years. The president's proposal takes our nation down the wrong path, grows government, worsens our fiscal health, and stagnates our economy. Do not let the president's spin fool you, this budget does not cut deficits-it runs deficits every single year of the ten-year proposal.

Under House Republican leadership, we are making progress to reverse decades of failures to advance spending legislation through regular order in an open and transparent process. That starts with passing a concurrent budget resolution.

The proposal advanced by the House Budget Committee, comes weeks before it was required by law and even before President Biden's proposed budget was presented to Congress, despite the president being required to present it in early February.

This budget proposes the creation of a fiscal commission, which I believe is the best opportunity to address our $34 trillion and growing national debt," said Rep. Lloyd Smucker (PA-11).

Background:

President Biden's Budget:

- $86.6 trillion in spending over the next decade,

- $16.3 trillion in cumulative deficits over the next decade,

- $4.9 trillion in new taxes on American families and small businesses

- $12.6 trillion spent on paying the interest on the national debt, which is $2 trillion more than spent on the national defense.

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