April 24, 2023

Biden Event Provides Sharp Contrast with House GOP Proposals

Alliance Executive Director Richard Fiesta joined President Biden in Accokeek, Maryland Wednesday as Biden derided Republicans’ plans to raise the nation’s debt limit only in exchange for spending cuts and other policy concessions.

The week’s events, which began with McCarthy delivering a speech on Wall Street, clearly showed how Biden and the Speaker are addressing two very different audiences. Standing in a steel garage and workshop, President Biden stressed the contrast, telling the members of International Union of Operating Engineers, Local 77 that while “I’m here in the union hall with you, Speaker McCarthy just got finished speaking to Wall Street two days ago.”

“All the House GOP cuts would not even reduce the deficit, they would just pay for more tax giveaways that overwhelmingly benefit the super-wealthy and biggest corporations,” said Executive Director Fiesta. “President Biden’s plan would cut the deficit by nearly $3 trillion over 10 years by asking the wealthiest Americans and large corporations to pay their fair share, and cutting wasteful spending on special interests like Big Pharma and Big Oil.”