Biden to contrast 'Bidenomics' to 'MAGAnomics' in Maryland

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Biden to contrast 'Bidenomics' to 'MAGAnomics' in Maryland
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The president is expected to ramp up his criticism of Republicans' economic policy ahead of a potential government shutdown.

Sept. 14, 2023, 3:30 PM UTCWASHINGTON — President Joe Biden is expected to highlight the differences between 'Bidenomics' and 'MAGAnomics' in a speech Thursday afternoon, ramping up criticism against Republicans ahead of a potential government shutdown.

Ahead of his speech, White House senior advisor Anita Dunn sent out a memo arguing that the contrast between Bidenomics and MAGAnomics will"define the fall budget debates." The memo would be sent to congressional Democrats and other allies, the official said. Dunn also criticized the Republican Study Committee's proposed budget, which she said would cut taxes for the wealthy, cut social security, Medicare and Medicaid, and"raise costs for hardworking families." The committeea budget proposal in June that aims to cut spending by $16.3 trillion and taxes by $5.1 trillion over 10 years.

"Again, despite the false claims from the Biden administration, the RSC Budget does not cut benefits or raise premiums for Medicare beneficiaries," the document said."In fact, it lowers premiums for these seniors."

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