Obama proposes $3.99 trillion budget




 
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February 2nd, 2015  
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Topic: Obama proposes $3.99 trillion budget


By Jeff Mason WASHINGTON (Reuters) - President Barack Obama on Monday proposed a $3.99 trillion budget for fiscal year 2016 that sets up a battle with Republicans over programs to boost the middle class that are funded by higher taxes on corporations and wealthy Americans. Obama's budget fleshes out proposals from his State of the Union address and helps highlight Democratic priorities for the last quarter of his presidency and the beginning of the 2016 presidential campaign. "Our hope is that by laying out ... a clear economic vision centered around the middle class and economic growth, that we’ll be able to have a productive conversation (with Republicans) and make progress over the course of the year," an administration official said on Sunday, previewing the budget's release. Republicans have said they see room for compromise in areas such as tax reform and infrastructure, but many of Obama's programs, which were rolled out in the weeks before the budget's release, have landed with a thud.




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