Let’s be crystal clear about what’s happening.
If you add up all the proposals that my Republican friends in Congress have offered so far, they would add another $3 trillion to the debt over 10 years.
When I introduce my budget in a few weeks, you’ll see that people making less than $400,000 a year will not see a single penny increase in taxes, nor have they for the past 2 years.
You’ll see that my budget will invest in America, lower costs and protect and strengthen Social Security and Medicare, while cutting the deficit by $2 Trillion over 10 years.
Official news published at https://www.whitehouse.gov/briefing-room/speeches-remarks/2023/02/15/excerpt-from-remarks-as-prepared-for-delivery-by-president-biden-on-his-plan-to-reduce-the-deficit-while-investing-in-america-bringing-down-costs-for-families-and-protecting-and-strengthening-s/