The president included in the proposed economic stimulus spending and tax hikes for the wealthy. These two priorities-primary campaign in full-tend to cause Republicans and interest groups represent .In short, Barack Obama allocates more labor investment to recreate jobs, build highways, bridges and schools. Meanwhile, the text to Congress allocates more money for student aid and research services, as well as higher taxes on the private sector, banks, oil companies, gas and coal.
"This budget in a step in the right direction and provides a road map, says the president-to grow the economy, increase labor supply and defend national security." This message follows the law teacher of the fiscal year 2012/13, which runs from October to September thereafter. During that time, the president (who is played for reelection in October) will continue with ongoing proactive policies.The fourth budget Obama, analysts say Wall Street, a rethinking of labor and tax proposals that Republicans have been blocking or rejecting. In general, the opposition will try to undermine the new efforts and at the same time, focus the discussion in the Democratic administration.
The project, several Republican lawmakers point, "says the president will renege on a promise of 2009: to cut its first deficit after the year 2010/11." By contrast, forecasts trillion overflow again: the 2012/13 reached $ 1.33 billion, or 8.5% of GDP. High above the projection made in September: U.S. $ 956,000 million. Naturally, Mitchell McConnell (Senate Republican Leader) denied any possibility of Obama's budget has a chance of passage in the Senate.