Republicans slam Biden's budget proposal they say is jam-packed with spending: 'Taxes, taxes, and more taxes'
Fox News
Republicans are speaking out against components of President Biden's costly budget proposal, concluding that its rampant spending will worsen inflation in America.
Additionally, the proposal is reportedly slated to repeal aspects of the 2017 Trump tax cuts with the restoration of the top tax rate of 39.6% for those making more than $400,000 a year, raises the tax rate on U.S. multinationals’ foreign earnings from 10.5% to 21%, and increases taxes for oil and gas companies. Kyle Morris covers politics for Fox News. Story tips can be sent to kyle.morris@fox.com and on Twitter: @RealKyleMorris.
Despite what's included in the proposal, Republicans, who are calling for sharp spending cuts, believe Biden's budget wish list falls in line with past efforts from his administration to spend heavily on efforts that won't contribute to financial success for working-class Americans.