Tuesday, February 3, 2015

Obama’s budget

The Register Guard 
February 3rd, 2015

President Obama presented a budget of nearly $4 trillion Monday — a spending plan that draws sharp battle lines with Republicans and will prompt a fierce debate that will frame the economic issues in the 2016 elections.
In his fiscal year 2016 budget blueprint, a document that cannot take effect without approval by Congress, the president proposed an array of programs to help middle-income Americans that would be paid for with higher taxes on corporations and wealthy individuals.
To call the president’s budget conceptual is an understatement, given Republican control of Congress. The document was promptly and predictably denounced by GOP leaders, including House Speaker John Boehner, R-Ohio. “Today President Obama laid out a plan for more taxes, more spending, and more of the Washington gridlock that has failed middle-class families,” he said.

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