Obama Unveils Budget Plan - KALB-TV News Channel 5 & CBS 2

Obama Unveils Budget Plan

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WASHINGTON (AP) - President Barack Obama is unwrapping a nearly $4 trillion budget that gives Democrats an election-year playbook for fortifying the economy and bolstering peoples' incomes. It also underscores how pressure has faded to launch bold, new attacks on federal deficits.
 
Obama is sending his 2015 fiscal blueprint to Congress Tuesday. It is expected to include proposals to upgrade roads, finance pre-kindergarten programs and enhance job training.
 
The White House said it would enlarge the earned income tax credit to cover 13.5 million low-earning workers without children and provide other tax breaks.
 
Aides say Obama's budget will obey overall spending limits Congress enacted in December, following a bipartisan compromise. But he will also propose an additional $56 billion in defense and domestic spending - paid for with spending cuts and revenue increases.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

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