McCarthy shreds Biden's budget proposal: 'Completely unserious'
Fox News
House Speaker Kevin McCarthy, R-Calif., ripped President Biden's budget proposal, calling the president's proposed $2 trillion in tax hikes "completely unserious."
This year's budget comes as Biden and House Republicans are in a standoff, each waiting for the other to cave before this summer's deadline to raise the debt ceiling passes. Chris Pandolfo is a writer for Fox News Digital. Send tips to chris.pandolfo@fox.com and follow him on Twitter @ChrisCPandolfo.
Biden is seeking higher taxes to lower the deficit, which McCarthy has flatly rejected. The president's budget calls for $2 trillion in tax hikes on individuals making more than $400,000 to keep Medicare solvent, as well as a 25% minimum tax on billionaires.
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