Sen. Mitt Romney (R-Utah) suggested President Joe Biden’s various legislative proposals—worth trillions of dollars—need to be curbed, coming as the president is slated to address Congress on Wednesday evening.
“In his first 100 days, he’s asked for $100 trillion in spending,” Romney told reporters on Wednesday. “To put that in context, our total federal budget that we vote on every year is $1.4 or $1.5 trillion.”
It’s not clear where Romney came up with the “$100 trillion” figure. The Epoch Times contacted his office for comment. Overall, Biden proposed a $1.9 trillion COVID-19 stimulus bill that was passed in Congress earlier this year, Biden is expected to propose to Congress $1.8 trillion in spending on his so-called American Families Plan on Wednesday, and he proposed another more than $2 trillion infrastructure bill earlier this month.
Romney told reporters: “So it’s a massive amount of spending. So I think maybe if he were younger I’d say his dad needs to take away the credit card.”
Republican lawmakers have already rejected the $2.25 trillion infrastructure plan as being too large. The Democrat president is gambling that his spending plans can sway Republicans in Congress to cooperate with the White House.
To pay for the plans, Biden has proposed an overhaul of the U.S. tax system. The American Families Plan will be funded by raising the top marginal tax rate for the wealthiest Americans to 39.6 percent from its current 37 percent. It nearly doubles the tax on investment income—known as capital gains—for Americans who earn more than $1 million. The proposed infrastructure plan is funded by corporate tax.
Other than Romney, Senate Minority Leader Mitch McConnell (R-Ky.) voiced his concern about the spending proposed by the White House.
The infrastructure plan, McConnell said in a statement Wednesday, is “another multitrillion-dollar smorgasbord of liberal social engineering” and accused Biden of misleading Americans about where its funding would go.
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