Critique of President Biden's Budget Proposal by Economist Steve Moore

SOURCE www.foxnews.com
Economist Steve Moore criticizes President Biden's budget proposal as an 'assault on American business' and believes it will lead to a decline in the economy. He compares Biden's approach to big government to a dystopian society. Moore advocates for lower tax rates to stimulate the economy.

Key Points

  • Biden's budget proposal is criticized for its potential negative impact on the economy and businesses
  • Economist Steve Moore advocates for lower tax rates to stimulate economic growth
  • The budget proposal is seen as detrimental to American businesses and competitive globally

Pros

  • Advocates for lower tax rates to bring jobs and businesses back
  • Highlights potential negative impacts on the economy and businesses under Biden's tax plan
  • Criticizes Biden's budget proposal as detrimental to American businesses

Cons

  • Believes Biden's budget proposal will lead to a decline in GDP, capital stock, and wages
  • Accuses Biden of misleading the public about deficit reduction
  • Claims Biden's budget is a 'Put America Last' proposal