Daily Signal News

President Joe Biden on Monday announced a proposed federal budget for fiscal year 2023 that includes a wish list of leftist policy proposals as well as an unprecedented tax on unrealized gains. To Rep. Kevin Hern, R-Okla., Biden's budget fails to help Americans deal with exploding inflation and doubles down on the deficit spending that got America into this mess in the first place. "The Biden budget is horrendous. It increases spending by some $75 trillion over the next decade," Hern says. "It increases taxes by $55 trillion. We got $55 trillion in taxes. So you do the math, and that's $20 trillion in additional debt over the next decade on top of our $31 trillion now." "So by his own budget, it never balances, and we have over $50 trillion in debt in 10 years," the Oklahoma Republican says on "The Daily Signal Podcast." Worse still, that increase in debt compounds horrific inflation. "Inflation is a taxation on everyone. It knows no party. It knows no economic status of a family," Hern says. "But what it doe