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Thursday, May 2, 2024

House Budget Committee’s FY25 Budget Resolution Receives Praise Over President Biden’s Spending Plan

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Rep. Blake Moore, U.S. Representative for Utah's 1st District | Official U.S. House headshot

Rep. Blake Moore, U.S. Representative for Utah's 1st District | Official U.S. House headshot

In response to President Biden's budget proposal for Fiscal Year 2025, Congressman Blake Moore (R-Utah) has expressed concerns about the potential consequences of the President's plan. Moore highlighted the significant increase in national debt, tax hikes, and excessive spending outlined in Biden's budget, stating that it would lead to detrimental effects on hardworking American families.

Speaking on the matter, Congressman Moore emphasized the importance of addressing the nation's debt and deficits, stating, "Our nation’s federal debt and deficit are a crisis, and President Biden’s budget falls far short of addressing the many pressing challenges caused by runaway spending." He further reiterated his commitment to combating irresponsible spending policies and implementing reforms to improve the economic outlook for the country.

Regarding the House Budget Committee's Fiscal Year 2025 Budget Resolution, Congressman Moore commended the efforts of Republicans on the committee in proposing a more responsible approach to budgeting. He stated, "My top priority since coming to Congress is to fix Washington’s spending addiction and counter policies like President Biden’s that worsen our economic outlook." Moore highlighted key differences between the committee's budget resolution and President Biden's budget, including no new taxes, faster economic growth compared to debt increase, budget balance within 10 years, and significantly lower spending over a decade.

The Budget Committee's Budget Resolution aims to reduce spending, address deficits, promote economic growth, and bring fiscal responsibility back to Washington. Congressman Moore expressed gratitude for the collaborative work that went into developing the resolution, emphasizing its potential to serve as a model for federal budgeting in the future.

The contrast between the House Budget Committee's Budget Resolution and President Biden's budget proposal showcases differing approaches to fiscal policy and spending priorities. Congressman Moore's remarks shed light on the importance of responsible budgeting practices to support the economic well-being of American families.

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