Office of Management and Budget Director Shalanda Young testified Tuesday about President Joe Biden’s proposed $5.8 trillion Fiscal Year 2023 Budget, which was released yesterday, more than a month after it was due on the first Monday of February. Young spoke before a hybrid hearing of the House Committee on the Budget, which is made up of 21 Democrats and 16 Republicans. While Democrats praised Biden’s economic performance and his proposed budget, including the 20 percent minimum tax on billionaires, Republicans disputed the strength of the Biden economy as well as the budget’s likely over-all financial impact on Americans, at times verbally clashing with Young. A March 1-18 survey from Gallup suggests economic worries have become significant to many Americans, with a majority saying they worry “a great deal” about both inflation and the general economy. According to that same poll, just 22 percent of respondents characterized conditions in the …
‘Thank You for the Diatribe’: OMB Director Young Responds to House Question on Budget
March 29, 2022
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