WASHINGTON—U.S. Senator Mitt Romney (R-UT) today released a statement following the release of President Biden’s $5.8 trillion FY23 budget:
“We have got to get our federal spending under control—and the President’s budget offers an unserious proposal to reduce our deficit that is nowhere near a long-term solution. Hardworking Americans are suffering real economic harm due to historic levels of inflation, which is a direct result of Washington’s failure to address its spending problem. The President’s budget still borrows a tremendous amount of money and does nothing to address the two-thirds of our federal spending that is automatic. Additionally, the President’s misguided plan to increase taxes on America’s job-creators will put U.S. businesses at a competitive disadvantage with countries like China, causing further harm to our economy.”