President Obama released his fiscal year 2014 budget outline today. In all, the 3.77 trillion dollar budget would increase spending on infrastructure and early childhood education, make significant cuts to social security, medicare, medicaid, discretionary and defense spending, re-tool the tax code to limit deductions for high earners and increase capital gains rates with the so-called "Buffett Rule", and ultimately reduce the federal deficit by $1.8 Trillion over the next 10 years.
CNN has a great breakdown of the big-ticket items in the budget. You can look at it by clicking on the link below.
What's in Obama's budget
No comments:
Post a Comment