WATCH: Biden admin shifts blame as national debt reaches historic high of $34 trillion
White House press secretary Karine Jean-Pierre blamed Republican tax cuts for the record level of debt
By Brandon Gillespie Fox News
Published January 3, 2024 5:02pm EST
The Biden administration spared no time in attempting to shift blame toward Republicans over America's national debt reaching a historic high of $34 trillion this week despite President Biden having been in office for nearly three full years.
"If you look at that data, there's a trickle down debt. If you think about it, Republican tax cuts are responsible for about 90% of it — of the increase in the debt as a share of the economy over the last two decades, excluding emergency spending," White House press secretary Karine Jean-Pierre claimed during Wednesday's press briefing.
Despite the new record high, Jean-Pierre argued Biden had taken action to lower the debt, including signing the Inflation Reduction Act, which some experts predicted would actually cost the U.S. more than originally projected, and "cracking down on wealthy tax cheats" through actions like growing the IRS.
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https://www.foxnews.com/politics/biden-admin-shifts-blame-national-debt-reaches-historic-high-34-trillion