Has been promoting the Obama tax plan that is being proposed to Congress saying essentially that there is a short term goal to support our economy. The longer term goal is to deal with long-term deficits.
Cost of Obama’s budget plan
Today is the day it get’s presented to Congress.
The $3.8 Trillion spending plan probably will get stalled until after elections.
If his plan ever could get passed it would implement an increase to education and transportation.
There would be a deficit reduction over the next 10 years amounting to about $4 trillion.
Republicans are countering with several issues, one being that Medicare will soon be bankrupt.