Indiana Senator Doubts Biden’s 2024 Revenue Projection

Indiana Senator Doubts Biden’s 2024 Revenue Projection
Sen. Mike Braun (R-Ind.) speaks during a Senate Special Committee of Aging hearing on “The COVID-19 Pandemic and Seniors: A Look at Racial Health Disparities” at the Capitol in Washington, on July 21, 2020. Samuel Corum/Getty Images
Lawrence Wilson
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President Joe Biden’s 2024 budget proposal assumes that government income will be 19.6 percent of the country’s gross domestic product (GDP), a figure Sen. Mike Braun (R-Ind.) found hard to believe, saying the country has never generated more than 17.5 percent over 50 years and suggesting the administration was “being dishonest with the American public.”

Shalanda D. Young, director of the White House Office of Management and Budget, brought up the income projection during testimony before the Senate Committee on the Budget on March 15.

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