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And inflation reduction. This is two hours. L all right, let me call this hearing of the budget to order. I want to thank my colleagues we start it 10 00 oclock today had a presentation to make. I thank you for indulging that. 0 [inaudible] no on so let me first say good morning to our Committee Members esent in a special welcome to our witness shalanda young. Director young its always a pleasure to have you here before the committee. There is simply no better communicator of a complicated budget procedure than you. President id have this you in this important position the president is fond of saying, a budget is a statement of values. That message is especially salient this year as President Biden and maga republicans offer starkly different visions of our countrys future. On the one hand President Biden released a ....
For ukraine, the National Debt and inflation reduction. This is two hours. All right, let me call this hearing of the budget to order. I want to thank my we start it 10 00 oclock today had a presentation to make. I thank you for indulging that. [inaudible] none on so let me first say good morning to our Committee Members present in a special welcome to our witness young. Director young its always a pleasure to have you here before the committee. There is simply no better communicator of a complicated budget procedure than you. President biden is very lucky to have this you in this important position the president is fond of saying, a budget is a statement of values. That message is especially salient to this year as pde biden and maga republicans offer starkly different visions of our countrys future. On the one hand Pres ....
Into office, we spent 6. 8. Then we havent reset to the 2019 baseline. How are we ever going to recover from this . Director young we put forth a proposal. A way to continue to invest in the American People. If we think we have adequate childcare and paid leave in this country, i welcome us to talk to hardworking americans. We can do that by asking the top 1 and 2 to add more into the system. That way we cannot only pay for our investments, but we can bring down the deficit we cant just talk about spending as if it only hits those programs that hit working families in this country. Senator johnson if you make the rich pay their fair share, the top 1 garner about 20 of the income pay about 40 of the income tax. Ts a fair share. Director young they pay about 25 . Senator johnson i remember when a couple hundred billion dollars was like real money. Political process would be all upset if you are rupbding a dollar deficit. Your plan ....
All right, let me call this hearing of the budget to order. I want to thank my colleagues we start it 10 00 oclock today had a presentation to make. I thank you for indulging that. [inaudible] none on so let me first say good morning to our Committee Members present in a special welcome to our witness. Director young its always a pleasure to have you here before the committee. There is simply no better communicator o you. President biden is very lucky to have this you in this important the president is fond of saying, a budget is a statement of values. That message is especially salients biden and maga republicans offer starkly different visions of our countrys future. The one hand President Biden released a fiscally responsible budget that puts the middle class first, cuts the deficit by 3 trillion paves the way for a stronger, safer and more prosperous america. On the o ....
White house budget director young testified in President Bidens newly released 2025 budget request. She outlined some of the priorities laid out in the proposal including tax cuts for the middle class, lowering healthcare costs, childcare investments, and protections for Social Security and medicare. Other topics included funding for ukraine, National Debt, and inflation reduction. This is two hours. All right, let me call this hearing of the budget to order. All right. Let me call this hearing of the Budget Committee to order. Let me thank my colleagues for indulging the late start at 10 15 instead of 10 00 today because i had a presentation to make at the supreme court, so thank you for indulging that. I was presenting to the judicial conference. I dont know wh ....