WASHINGTON (AP) — With a blend of tax hikes and spending increases, President Barack Obama's budget spells out a policy agenda that will distinguish him from Republicans who now control Congress. [...] Obama is releasing his $4 trillion budget Monday after a year of relative peace in Washington's budget battles as the federal deficit drops and as his poll numbers inch higher. Obama is proposing to ease painful, automatic cuts to the Pentagon and domestic agencies with a 7 percent increase in annual appropriations. First on the agenda is the need to finalize the current-year budget for the Homeland Security Department. Obama would take the $320 billion that those tax increases would generate over 10 years and funnel them into middle-class tax breaks, a plan to pay for two years of community college for about 9 million students, and a proposal to increase child care for low- and middle-income parents.
Obama Budget Offers Contrasts, Long-shot Deals With Gop
By ANDREW TAYLOR and JIM KUHNHENN, Associated Press, San Francisco Chronicle: Politics
Sun, 02/01/2015 - 3:42am
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