Transportation Secretary Pete Buttigieg on Biden's Deficit Reduction Efforts and Proposed Tax Increases

SOURCE www.breitbart.com
Transportation Secretary Pete Buttigieg stated that President Biden will continue to work on deficit reduction by proposing tax increases, despite the growing debt. Buttigieg highlighted that the proposed tax increase would not affect those making less than $400,000 per year.

Key Points

  • Biden aims to continue deficit reduction efforts
  • Proposed tax increase excludes those making less than $400,000 per year

Pros

  • President Biden's commitment to deficit reduction
  • Proposed tax increases target those making more than $400,000 per year

Cons

  • Growing national debt under President Biden's administration