The White House blamed former President Donald Trump and his administration for the $1.8 trillion deficit the Treasury Department reported last week for fiscal 2024, the third-largest deficit in U.S. history.
“The former administration passed tax cuts for billionaires and corporations that have led to where we are currently in this deficit,” press secretary Karine Jean-Pierre told the Washington Examiner on Monday.
“What we’re trying to do here from this administration is make sure that the economy continues to grow, that jobs are available, continue to grow, that we’re lowering the unemployment rate and lowering costs.” Jean-Pierre then compared the Biden administration’s record, including the debt ceiling deal President Joe Biden and then-House Speaker Kevin McCarthy agreed to last year which would reduce the deficit by $1.5 trillion over the next decade, claiming Republicans have been doing “the opposite.” “They want to continue to give tax cuts to billionaires and corporations,” she said.
“They want to make it harder for middle-class families.
And so there’s a difference there.
Like the contrast could not be more different than what we’re trying to do and what they’re trying to do.” Click here to read the full report.
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