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Keyword: fourtrillion

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  • Obama to release $4 trillion-plus budget for 2017

    02/09/2016 12:22:32 PM PST · by Olog-hai · 18 replies
    Associated Press ^ | Feb. 9, 2016 4:16 AM EST | Andrew Taylor and Martin Crutsinger
    President Barack Obama is releasing his eighth and final budget, a $4 trillion-plus document that's freighted with liberal policy initiatives and both new and familiar tax hikes -- all sent to a dismissive Republican-controlled Congress that simply wants to move on from his presidency. [...] It comes as the deficit, which had been falling over the duration of Obama's presidency, has begun to creep up. ...
  • Obama’s record budget: Tax the rich, help middle class

    02/02/2015 2:22:38 PM PST · by Olog-hai · 16 replies
    Associated Press ^ | Feb 2, 2015 4:24 PM EST | Andrew Taylor
    Promising to help America’s middle class, President Barack Obama on Monday sent Congress a record $4 trillion budget that would hammer corporate profits overseas and raise taxes on the wealthy while boosting tax credits for families and the working poor. Obama’s budget also would steer hundreds of billions of dollars to the nation’s crumbling infrastructure of roads and bridges, help provide two years of free community college and reverse the across-the-board, automatic budget cuts that have slammed the Pentagon and nearly every government department. In the face of certain opposition from Republicans, an optimistic Obama hailed a “breakthrough year for...