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House Republican Leader Kevin McCarthy (CA-23) released the following statement detailing how President Biden’s budget proposal would lead to more taxes, more inflation, and unsustainable debt:

“Today, President Biden submitted the details of a budget that promises higher taxes, higher prices, crushing debt, and less security. It is the most reckless and irresponsible budget proposal in my lifetime.

“Despite months of warnings from Republicans and even liberal economists, the White House jammed through a partisan $1.8 trillion spending package in March that turned our ongoing economic comeback into an economic crisis, resulting in the worst jobs report in decades and the fastest jump in inflation in 13 years. Now, President Biden wants to push our economy to the breaking point by borrowing trillions more so he can spend more money than America spent at the height of World War II. This means more taxes, more inflation, and more unsustainable debt.

“But the dire fiscal and economic consequences this budget would place on our country is made worse by the radical priorities it would fund. The Biden budget does not provide the resources necessary to counter the ‘diverse array of threats’ the White House’s own Director of National Intelligence warned about in April. But it does restore $123.5 million in taxpayer funding for the World Health Organization (WHO), which has been complicit in covering up China’s COVID lies and contributed to a series of major missteps that bungled the global pandemic response. At the same time, it breaks with decades of settled precedent by calling for direct taxpayer-funded abortion. We need a vision that will provide our troops with the resources they need to keep our country safe, not one that fails to keep up with global threats, rewards the failures of the WHO, and violates Americans’ rights of conscience.

“Despite months of delay that should have provided perspective to the administration, President Biden has sent a message today that he wants to double down on the failed economic policies that have derailed our economic recovery in the first five months of his term. This administration wants to empower Washington and grow the federal government to historic levels, all while neglecting the real needs of the American people and our national security.

“This budget is wrong for America. Every member of Congress should reject it.”