President Obama on Tuesday released an election-year budget proposal that calls for $3.9 trillion in spending in fiscal 2015.
Deficit reduction takes a back seat in the budget to jobs initiatives Democrats hope will be popular with voters.
The central elements of the proposal are $56 billion in new stimulus spending above the discretionary budget cap in place for next year, $302 billion in infrastructure spending over four years and a series of tax breaks for lower-income workers.
Congressional Republicans are already pushing back on the proposed budget, saying it doesn’t do enough to address the country’s long-term deficit issues, and Rep. Paul Ryan went as far as to say the new proposal “isn’t a serious document, it’s a campaign brochure.”
18:19 // 7 months ago