Sen. Jeff Sessions (R., Ala.) on Friday said a recent Obama campaign ad should be pulled due to its "false" claims.
The ad, titled "The Choice," features President Obama saying that he intends to "pay down the debt" in his second term by "asking the wealthy to pay a little more."
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Sessions said that the mid-session review of the White House budget, also released Friday, "reveals just how dramatically false this claim is."
The White House budget office issued revised projections for the economy and called for $195 billion in new stimulus spending to confront an economy that "still faces significant headwinds."
The White House projected a budget deficit of $1.2 trillion for the current year, and downgraded its GDP growth projection to 2.3 percent from 2.7 percent in February; the projection for 2013 was revised down to 2.7 percent from 3 percent.
The U.S. Commerce Department on Friday announced that the economy grew at a sluggish 1.5 percent in the second quarter of 2012.
The updated budget also foresees a $10.6 trillion increase in gross debt through 2022, Sessions said, and total debt of $25.4 trillion accumulated over that same period.
"America can have robust economic growth—and avert a catastrophic debt crisis—but it requires a credible fiscal plan and the leadership necessary to achieve it," he said.
The president’s proposal to force Americans earning more than $250,000 a year to "pay a little more" passed the Senate earlier this week. It is estimated to raise about $100 billion in new revenue per year, enough to fund the government for less than 10 days.
The White House was nearly two weeks late submitting its revised budget, which is required by law to be submitted no later than July 16.