Obama's Budget Reflects Reelection Agenda

Tuesday, February 14, 2012

President Barack Obama delivering his 2013 budget address to students at Northern Virginia Community College. (Getty)

President Obama presented his 2013 budget to Congress on Monday that includes $1.5 trillion in new taxes over the next ten years for the wealthiest taxpayers, closing some corporate tax breaks, and allowing Bush-era tax cuts to expire. However, it's not all cuts: the budget outlines increased spending for infrastructure projects, job-training, and innovation. Overall, it aims to lower the deficit below $1 trillion.

Jackie Calmes is the White House correspondent for our partner The New York Times.


Jackie Calmes

Produced by:

Alex Collins and John Light

Comments [1]


"All of us will have to pay eventually.." after the election...."indeed".

Look at all he will give us by taking it from those mean rich guys other there.
Are we really going to fall for this....again?

Feb. 14 2012 09:41 AM

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