Obama budget sets up election-year tax fight
President Obama's fiscal year 2013 budget envisions the economy healing steadily after years of hemorrhaging and stagnation — and key government services surviving mostly despite the violence done to the federal ledger
And debt held by the public is projected to keep rising under his budget, reaching $19.5 trillion by 2022. Meanwhile, Obama's budget wouldn't slash annual budget deficits, but it would reduce them to levels seen as less threatening – but still high.
Copies of President Barack Obama's fiscal 2013 federal budget arrive at the House Budget Committee on Capitol Hill in Washington on Feb. 13, 2012. (AP Photo/J. Scott Applewhite) WASHINGTON – President Barack Obama proposed tax increases on wealthy
Ana Marie Cox: Like the GOP's Ryan plan, Obama's budget is about electoral positioning not real economic policy, but he looks better-placed.
For further information on the budget, see BUDG ) Feb. 13 (Bloomberg) — President Barack Obama, who pledged an “all of the above” energy strategy that included fossil fuels, renewed his proposal to cut more than $40 billion in tax breaks for oil,
