In a speech to union workers in Maryland on Wednesday, President Joe Biden continued his offensive against Congressional Republicans, arguing that their plans will add trillions to the national deficit.

"Let's be crystal clear about what's happening: if you add up the proposals that my Republican friends have offered just so far, it would add more than $3 trillion to the debt over 10 years," Biden told members of the International Brotherhood of Electrical Workers Local 26, in Lanham, a town less than an hour from the White House.

By contrast, Biden said that his planned budget would cut the deficit by $2 trillion in 10 years.

The White House on Wednesday released a fact sheet casting doubt on Republicans' desire to reduce the national debt, making the case that their plans would actually increase the country's financial liabilities by more than $3 trillion over the next decade. The release from the White House is the latest in the standoff between the Biden administration and the Republican House majority over raising the debt ceiling.

"Congressional Republican leaders insist that the national debt is among our nation’s greatest challenges, and reducing it is among their highest priorities," the White House's release reads. "In fact, they claim that reducing the debt is so urgent it warrants endangering the entire U.S. economy through debt limit brinksmanship. But their legislative agenda to date points in a very different direction — with proposals that would increase the debt by over $3 trillion."

The White House pointed to one of the first bills passed by the new House GOP majority last month — a measure to rescind funding for IRS enforcement apportioned under Democrats' Inflation Reduction Act, signed into law last year — which they said would increase the debt by $114 billion, as well as other Republican proposals, like extending the 2017 Trump-era tax cuts on the wealthiest Americans.

"If you have more auditors, you make it impossible for the super-wealthy tax cheats and their tax shelters to succeed," Biden said. But cutting IRS enforcement, he added, "is like a lot of people going through red lights, but no cops to do anything."

The White House is charging the GOP with hypocrisy for favoring tax policies that could push the accumulated $31.4 trillion national debt higher. Yet Biden also wants to preserve some of the same tax cuts as Republicans so long as the approach is “fiscally responsible.”

Just before the speech, the nonpartisan Congressional Budget Office released a new estimate which estimated that the Treasury's "extraordinary measures" to avert a first-ever default would run out between July and September, and lawmakers must reach a deal before then to increase the country's borrowing power.

President Joe Biden is insisting that lawmakers lift the debt ceiling without conditions, but House Speaker Kevin McCarthy, R-Calif., is insisting on spending cuts in order to increase the country's borrowing power.

Biden accused Republicans of using the national debt as a political tool on Wednesday, noting that Congress passed debt ceiling reauthorization three times during the Trump administration.

"If we couldn't throw the country into a crisis then, why would you want to throw it into a crisis now?" Biden asked. "They've got no business playing politics with people's lives and the full faith and credit of the United States."

McCarthy, R-Calif., says they should agree on a path toward balancing the budget, posting on Twitter last Friday: “No more blank checks for runaway government spending.”

The president detailed a recent exchange with the GOP speaker in a speech Tuesday in Washington to county government officials. He told them that McCarthy “made it real clear to me what he wants to do. He says he’s not going to raise any taxes at all on anybody. He just wants to cut programs."

The president said that Republican lawmakers should present their budget plan to the public, just as the White House intends to do on March 9.

“I believe we could be fiscally responsible without ... threatening to send our country into chaos,” Biden said Tuesday of debt limit talks.

But the actual path of the national debt could hinge on the upcoming expiration of individual tax cuts that President Donald Trump signed into law in 2017. Extending those tax cuts would in theory raise the national debt, as the nonpartisan Congressional Budget Office based its projections on them lapsing after 2025. The CBO will release an updated budget outlook on Wednesday.

The White House fact sheet said Republicans would increase the debt by $2.7 trillion by prolonging those tax cuts, in addition to cutting a corporate minimum tax established by Biden and other policies that would add to the debt.

"How are they going to make these numbers add up?" Biden asked the crowd in Maryland. "Here's the deal: If Republicans try to take away people's health care, increase costs for middle class families or push Americans into poverty, I'm going to stop them."

The White House noted that the extension of the Trump-era tax overhaul would give a $175,000 tax cut to families with incomes over $4 million. The size of that tax cut is roughly double the median U.S. household income. But the same White House fact sheet adds that Biden would like to preserve some of the same tax cuts as Republicans, just not those that benefit the wealthy. Biden pledged during the 2020 campaign to not raise taxes on anyone making under $400,000, so letting the tax cuts expire could be viewed as a tax hike on the middle class.

The Tax Policy Center, a think tank, estimated when the law was passed that 53% of taxpayers would see their IRS bills increase in 2027 after the cuts expire. About 70% of those solidly in the middle class — the middle 40% to 60% of all taxpayers — would owe more.

The fact sheet previewing the speech said the president is committed to a “fiscally responsible approach to continuing current tax policies" for people earning less than $400,000. Biden previewed what his budget, which he is set to release in the coming weeks, will contain.

"When I release my budget ... a few weeks from now, you'll see that – what I've made a commitment, and I've kept it so far, and I'll continue to keep it – no one making less than $400,000 a year, and I don't know a lot of people I grew up with that made $400,000, will see a penny increase in their taxes," the president said. 

"You'll see that my budget will invest in America lower costs, protecting strengthen Social Security, Medicare, cut the deficit by $2 trillion in 10 years," he continued. "I want to reward work, not just wealth. Let's make sure work and parents can afford to raise their family, so they have sick days, paid family and medical leave, affordable child care that enable millions of people to go to work."

Biden called for the restoration of the Child Tax Credit, which he hailed as a program that "gave tens of millions of parents some breathing room and cut child poverty in half."

"By the way, when you do these things, guess what happens? We increase productivity in America," he said. "We generate economic growth. The economy gets better, not worse."

Biden also took time to call out the plan of Sen. Rick Scott, R-Fla., which called for all federal programs, including Medicare and Social Security, to be reauthorized every five years. 

"As I said at the State of the Union, if anyone tries to get rid of Social Security or Medicare, I will veto it," Biden said. "If that's the Republican Dream, I'm their nightmare."

The Associated Press contributed to this report.