Economist warns Biden's budget proposal is a 'fiscal atrocity': The 'worst budget I've seen'

📆 10.03.2023 06:30:00

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📆 10.03.2023 06:30:00
📰 FoxBusiness

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Is President Biden's proposed budget — which includes trillions of dollars in tax hikes — fiscally responsible? Trump admin economist Steve Moore and Sens. Joe Manchin, D-W.Va., and Tim Kaine, D-Va., say no.

FOX Business' Grady Trimble gets reaction from Sens. Joe Manchin, D-W.Va., and Tim Kaine, D-Va., on Biden's proposed budget.

"This is sort of the blueprint for where progressive Democrats want to take the country. And I think it's really indicative that there's no cuts in here, that it's all tax and spend, tax and spend, tax and spend. It would be ruinous for the economy, and Republicans should be putting out in a completely different course from this," Moore argued.

Biden’s array of tax hikes leaves "a huge hole" in America’s economy, the Trump admin adviser continued to explain. "You got to grow the economy. You got to get people working. You've got to get higher real wages for workers," Moore urged. "They're going to slow growth. We'll be lucky if we can grow it [by] 1.

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