Ranking Member's News | Newsroom | The United States Senate Committee on Finance – Hearing | Hearings | The United States Senate Committee on Finance

March 28,2022

Washington, D.C.–U.S. Senator Mike Crapo (R-Idaho),
Ranking Member of the Senate Finance Committee, issued the following statement
on President Biden’s FY2023 budget request:   

“Once again, the Administration is proposing trillions of
dollars in new spending, coupled with job-killing tax hikes.  Far from
deficit neutral, the proposal includes a placeholder for the reckless
tax-and-spend legislation that stalled after passing in the House on a
party-line vote, hiding the true cost of the President’s budget request. 
The irresponsible result is a budget that would produce trillion-plus dollar
deficits as far as the eye can see and ever-growing federal debt as a share of
the overall economy.  Worse, these tax-and-spend proposals come on top of
record-high inflation, a stealth tax that is hitting Americans from the gas
station to grocery stores.   

“Families and small businesses need the government to take
real steps to fight inflation, address our ballooning debt crisis, and rein in
unsustainable spending.” 

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