Rep. Malliotakis Comments On President Biden’s FY 2024 Budget Request, Speaks About Ballooning Debt, Runaway Spending
Malliotakis Statement on Biden’s FY24 Budget Request
(WASHINGTON, DC) – Congresswoman Nicole Malliotakis (NY-11), a member of the House Committee on Ways and Means, today released the following statement on President Biden’s budget request for FY2024:
“Yesterday, a bipartisan group of members met with the Director of the Congressional Budget Office who confirmed our fears about the fiscal trajectory of our country. The reality is, if nothing changes, our debt is projected to reach $154 trillion by 2053, with net interest amounting to a $10.5 trillion burdenon taxpayers over the next ten years. It’s unconscionable that despite knowing this, President Biden would propose a budget that continues Washington’s same old tax and spend ways by recklessly spending trillions of dollars, while also increasing the personal income tax rate to its highest in nearly 40 years and the corporate tax rate to one that’s higher than that of Communist China. If we have any hope of paying down our debts and restoring fiscal responsibility we cannot continue to spend money we don’t have and tax hardworking American families into oblivion.
“Thankfully, with Republicans in control of the House, we are serving as a check and balance. It’s imperative for the White House and Senate to negotiate in good faith, be realistic about the calamity we face and acknowledge the amount of bloated and wasteful spending that’s led to record deficits. If we all have the best interest of our country and future generations at heart, there’s no reason why we can’t work in a bipartisan manner to cut wasteful spending, protect critical programs like medicare and social security, responsibly begin to pay down our debt and get our financial situation under control.”
Banner Image: Money being eaten away by government spending and debt. Image Credit – Steve Watts
Congresswoman Nicole Malliotakis
Congresswoman Nicole Malliotakis was sworn in on January 3, 2021 to represent Staten Island and Southern Brooklyn. Prior to serving in the U.S. House of Representatives, Congresswoman Nicole Malliotakis was elected to the New York State Assembly on November 2, 2010, defeating a two-term incumbent. In the Assembly, she served as Minority Whip and the ranking minority member of the Assembly Committee on Governmental Employees. For five terms, Congresswoman Malliotakis fought to restore ethics in Albany, expand transit service in her district, improve programs for senior citizens, reform education and improve New York’s economic climate by reducing the tax burden on small businesses and residents. A cornerstone of her tenure was helping her community recover and rebuild following the devastation of Hurricane Sandy in 2012. In addition to advocating for these same issues in Washington, Congresswoman Malliotakis is acutely focused on securing New York’s fair share of federal mass transit funding, which would go towards expanding transportation services and easing traffic congestion, while also championing public safety by supporting our nation’s law enforcement officers. Congresswoman Malliotakis is the daughter of immigrants, her father from Greece and her mother a Cuban exile of the Castro dictatorship. She is currently the only Republican member representing New York City in Congress, representing a district spanning the boroughs of Brooklyn and Staten Island. She is a passionate advocate for animal rights and the strengthening of animal cruelty laws, and in her spare time, enjoys spending time with her chihuahua, Peanut.
You know what? Trump ran up the debt. They all did staritng with Regan.
Biden is just the same as all the rest.