Quantcast
Connect with us

Republicans refuse to hear President Obama’s final budget proposal

Published

on

U.S. President Barack Obama proposed a $4.1 trillion spending plan for fiscal year 2017 on Tuesday in a final White House budget that laid out his priorities for fighting Islamic State, raising taxes on wealthy Americans and helping the poor.

The budget for the fiscal year beginning on Oct. 1 is largely a political document and is unlikely to be passed by the Republican-controlled Congress.

But it gives the Democratic president, who leaves office in January, a chance to make a last pitch for funding on issues such as education, criminal justice reform and job creation while taking credit for U.S. economic strides during his tenure.

The spending proposal stayed within the confines of an agreement reached between the White House and Congress last year that lifted mandatory “sequestration” cuts on both defense and domestic spending.

It proposes lifting the limits entirely from 2018.

“My budget makes critical investments while adhering to the bipartisan budget agreement I signed into law last fall,” Obama wrote in the budget document. “It also drives down deficits and maintains our fiscal progress through smart savings from health care, immigration, and tax reforms.”

ADVERTISEMENT

The proposed budget envisions a deficit of $503 billion in fiscal 2017 after a $616 billion budget gap in the current fiscal year ending on Sept. 30.

It seeks to cut deficits by $2.9 trillion over 10 years largely through shrunken tax breaks for wealthy earners, new savings in Medicare healthcare, and assumptions that adoption of its policies would boost economic growth.

Over 10 years, deficits would average 2.5 percent of U.S. economic output, compared to about 4.0 percent in the Congressional Budget Office’s estimate, which is based on current laws.

“That document … will be President Obama’s final vision of how he lays out the fiscal future for the country,” said Joel Friedman, vice president for federal fiscal policy at the Center on Budget and Policy Priorities.

ADVERTISEMENT

“I don’t think anyone expects it to be enacted this year. Republicans aren’t going to embrace it, but that doesn’t mean it’s not going to be a useful document.”

Congress can advance elements of the budget without endorsing the entire proposal.

Obama is slated to meet with his national security team to discuss cyber security around 11:00 ET and is likely to address reporters at the close of the meeting. The budget seeks $19 billion for cyber security across the U.S. government.

Obama and Republican Speaker of the House of Representatives Paul Ryan agree on some anti-poverty policies, but the general differences between the two parties are vast, particularly in a presidential election year.

ADVERTISEMENT

“The president’s final budget continues his focus on new spending proposals instead of confronting our country’s massive overspending and skyrocketing $19 trillion in debt,” said Senate Budget Committee Chairman Mike Enzi.

Republican lawmakers have taken the unusual step of not inviting White House budget director Shaun Donovan to brief about the proposal.

“Maybe they are taking the Donald Trump approach to debates about the budget. They are just not going to show up,” White House spokesman Josh Earnest told reporters last week, referring to the Republican presidential front-runner’s decision to skip a debate with his counterparts ahead of the nominating contest in Iowa.

The budget requests more than $11 billion for the Departments of Defense and State to fight Islamic State militants and stabilize Syria.

ADVERTISEMENT

It calls for $152 billion in research and development, an increase of 4 percent over fiscal year 2016, including funding for an effort to cure cancer, which is spearheaded by Vice President Joe Biden.

(Additional reporting by Roberta Rampton, Susan Cornwell, Richard Cowan, and Julia Edwards; Editing by Chizu Nomiyama)

Report typos and corrections to [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Trump accuses newspaper of ‘virtual act of treason’ for reporting on a story that made him look awful

Published

on

President Donald Trump attacked an American newspaper for reporting a story that made him look bad.

"Do you believe that the Failing New York Times just did a story stating that the United States is substantially increasing Cyber Attacks on Russia. (sic) This is a virtual act of Treason by a once great paper so desperate for a story, any story, even if bad for our Country ... also, not true," the commander-in-chief tweeted on Saturday evening.

"Anything goes with our corrupt news media today," Trump argued.

"They will do, or say, whatever it takes, with not even the slightest thought of consequence," he continued.

Continue Reading

Breaking Banner

Alt-Right headed to court — the ‘serious injuries’ inflicted on two sisters could cost white nationalists $10 million

Published

on

Some of the most prominent members of the Alt-Right are being sued by two sisters for $10 million.

Sisters Tadrint and Micah Washington filed a lawsuit after being seriously injured in the fatal Unite the Right rally in Charlottesville, the Daily Progress reported Saturday.

"The suit has since been narrowed to Fields, Kessler, Spencer, the National Policy Institute, William Regnery II, AltRight Corp., Mike Peinovich, Michael Hill, Matthew Heimbach, the Traditionalist Worker Party, the League of the South, Bradley Griffin, Vanguard America, Augustus Invictus, Chris Cantwell, Andrew Anglin, Moonbase Holdings, Identity Europa, Nathan Damigo and Elliott Kline," the newspaper reported.

Continue Reading
 

Breaking Banner

Man barricaded himself in Alexandria Ocasio-Cortez’s office in Queens

Published

on

The New York Police Department responded to a Saturday break-in at the Queens office of Rep. Alexandria Ocasio-Cortez by a 27-year-old man.

"The alleged trespasser barricaded himself in the 3rd floor office, hiding in a utility closet until police convinced him to come out," WPIX-TV reports.

"The man was taken to an area hospital for an evaluation. Charges against him are pending," ABC 7 reported.

Continue Reading
 
 

Copyright © 2019 Raw Story Media, Inc. PO Box 21050, Washington, D.C. 20009 | Masthead | Privacy Policy | For corrections or concerns, please email [email protected]

I need your help.

Investigating Trump's henchmen is a full time job, and I'm trying to bring in new team members to do more exclusive reports. We have more stories coming you'll love. Join me and help restore the power of hard-hitting progressive journalism.

TAKE A LOOK
close-link

Investigating Trump is a full-time job, and I want to add new team members to do more exclusive reports. We have stories coming you'll love. Join me and go ad-free, while restoring the power of hard-hitting progressive journalism.

TAKE A LOOK
close-link