Congresswoman Tenney Responds to President Biden’s Budget Proposal for FY23

Washington, DC – Congresswoman Claudia Tenney (NY-22) today released the following statement in response to President Biden’s proposed budget for Fiscal Year 2023 (FY23).

“Yesterday, President Biden introduced a whopping $5.8 trillion budget proposal for the 2023 fiscal year, one of the largest ever. Under this proposal, federal spending would increase to more than $73 trillion over the next decade, a massive 66% jump. The budget is based on totally unrealistic assumptions and will push our debt to record levels. As inflation hits a 40-year high, Biden’s budget proposes $58 trillion in new taxes – the single largest tax hike in our history.

“Make no mistake about it, this proposal is the radical Build Back Better agenda under a different name. Worried constituents who must choose between paying for their groceries or heating their homes are calling my office daily. They wanted to see a plan for prosperity and security, and they did not get it in this budget, which does nothing to drive down consumer costs or address the current energy crisis. It also completely fails to make the significant investment in our nation’s military, which we desperately need now to restore peace and security.

“Instead of a path to prosperity, this budget puts us on a road to bigger government and greater dependency. The plan mentions ‘equity’ no less than 75 times while mentioning ‘police’ four times. It is clear that this budget is about advancing the left’s divisive agenda. Thankfully, just as they did with the Build Back Better plan, I am confident that the American people will look past President Biden’s empty rhetoric and see these harmful policies for exactly what they are.”

Radical Policies in Biden’s FY23 Budget Proposal:

• Increases the national debt to $45 trillion by 2032, the highest level ever;
• Adds $58 trillion in new taxes, marking an 80% increase over the previous 10 years;
• Removes middle class tax relief provided under the Tax Cuts and Jobs Act, leading to an annual tax increase of as much as $2,000 for many middle-income families;
• Vastly underfunds our military and national security, with only a 1.5% increase in defense spending once inflation is taken into account;
• Raises the corporate tax rate from 21% to 28%, making the United States among the least competitive industrialized nations in the world;
• Proposes a new radical tax on unrealized gains, greatly expanding the government’s ability to tax money Americans haven’t even earned yet;
• $43 billion in tax increases for the American energy industry at a time when we should be investing in domestic energy production, not green energy boondoggles;
• Includes $11 billion for international climate financing that will send taxpayer dollars abroad to fund innovation in other countries when we should be investing here in America;
• Proposes a 25% increase in funding for the Environmental Protection Agency and includes $20 million in new funding for the Civilian Climate Corps;
• Sets aside $1.7 billion for the Bureau of Alcohol, Tobacco, and Firearms (ATF), which was recently reported to have been compiling an illegal federal registry of American firearm owners;
• Removes bipartisan Hyde Amendment language, paving the way for taxpayer funded abortions.

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