$3T deficit reduction still deficit is huge, structural problems? budget goes far enough? Blame GOPs


#shorts a reporter asked White House press secretary Karine Jean-Pierre, “Just taking this topline number of nearly $3 trillion in deficit reduction over 10 years, still, the deficit is going to be huge over the next 10 years, and billions — or trillions of dollars will be added to the national debt. There are critics who I’ve spoken to who say that this budget, although a statement of priorities, doesn’t go far enough in dealing with the structural problems that the United States faces fiscally. So, I mean, the President has expressed concerns about the deficit. Does he think his budget goes far enough?

KJP: … Yeah, you know, the last administration added $3 trillion — or $2 trillion to the debt when they put forward a, really, irresponsible piece of legislation … That continues with this current — current Congress where Republicans are saying that they want to — you know, they want to cut or get rid of or repeal IRA — the Inflation Reduction Act — which would add to that deficit, because we know the Inflation Reduction Act actually lowers the deficit by more than $200 billion. So, we are trying to counter and really be fiscally responsible in what we’re seeing on the other side.

On 3/8/3023, Jean-Pierre said Biden would propose to raise taxes on corporate stock buybacks and said wealthy Americans would ‘pay their fair share’

Ahead of the release of President Biden’s budget on Thursday, the White House repeatedly signaled that Biden would propose to raise taxes on the wealthy while trashing the tax cuts signed into law by his predecessor Donald Trump as “reckless” and “irresponsible.”

other clips of this published longer video is here: https://youtu.be/ooqX_SgcJr0
$3T deficit reduction still deficit is huge, structural problems? Biden budget goes far enough? Blame GOPs

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