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HYDE-SMITH SAYS BIDEN BUDGET ‘WILL DO ANYTHING BUT HELP’ NATION
In Speech, Hyde-Smith Chides President’s Budget for Big Spending, Higher Taxes, Inattention to Debt Reduction.
WASHINGTON, D.C. – U.S. Senator Cindy Hyde-Smith (R-Miss.) today said Mississippians and all Americans will pay the price in higher taxes, more inflation, and unstainable national debts under President Biden’s FY2024 budget.
Hyde-Smith, who serves on the Senate Appropriations Committee, joined colleagues on the Senate floor to shed light on flaws in the Biden budget plan submitted to Congress last week.
“I recently reintroduced a constitutional Balanced Budget Amendment because I am very concerned about the future of this great nation,” Hyde-Smith said. “In contrast, President Biden’s 2024 budget plan sends a clear signal that he and his administration are not serious about controlling the national debt or even reducing annual deficit spending. He might talk about it but his budget says otherwise.”
“It is our responsibility as elected officials of the American people to strengthen our nation—not leave it saddled with unsustainable debt that puts everything at risk, including entitlement programs that hard working Americans have paid into their entire lives,” the Senator continued. “So, President Biden’s budget is a disappointment and falls short in addressing serious challenges, such as getting our fiscal house in order, securing the border, unleashing American energy and so much more.”
Hyde-Smith, who reintroduced a constitutional balanced budget amendment in February, targeted the Biden budget recommendation to increase taxes by $4.7 trillion, inattention to adequate spending restraints, and the effect Biden economic policies are having on families.
“Americans continue to suffer from the worst inflation since the Carter administration—inflation set off by President Biden’s reckless tax-and-spend agenda. Consumer prices have risen 15 percent since Biden took office,” Hyde-Smith said. “People in my home state of Mississippi and across this country continue to see their hard-earned savings dwindle and their paychecks stretched thin by higher prices for everything from groceries, to gasoline, to basic utilities.”
“After two years of trudging through this economy, Americans need help. However, President Biden’s budget will do anything but help,” she said.
Read Hyde-Smith’s full remarks, as prepared for delivery, here.
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