President's Budget Called A ‘Dud’

New Obama Budget: ‘It’s Basically United Washington. In Opposition.’
‘Budget Does Not Balance’“Unlike the House Republican budget, Obama’s budget would not balance…” (“Obama To Unveil $1.058T Budget,” The Hill, 4/10/13)

• ‘the budget does not balance over its 10-year horizon’ “…the non-binding blueprint already has done something that the president himself has only rarely accomplished since taking office: It’s basically united Washington. In opposition. … Both sides agree the budget does not balance over its 10-year horizon.” (“Obama Budget Dead On Arrival—But May Get Second Life,” Yahoo! News, 4/10/13)

‘Relies… On Raising Taxes’“Top aides to the president argued … that raising new revenues is non-negotiable.” (“On Left And Right, Obama's Budget Anticipated As A Dud,” USA Today, 4/10/13)

“The Obama budget also relies, in part, on raising taxes…” (“On Left And Right, Obama's Budget Anticipated As A Dud,” USA Today, 4/10/13)

• “To raise $580 billion in revenue, the budget limits the value of tax deductions and other tax benefits for the top 2 percent of families to 28 percent of taxable income. … the budget proposed selectively closing some ‘egregious’ loopholes such as for corporate jet purchases, for oil and gas companies and for carried interest, to raise revenue.” (“Obama To Unveil $1.058T Budget,” The Hill, 4/10/13)

‘Wish List For New Spending,’ ‘Stimulus’“The budget contains several new ‘investments’ in new spending… stimulus…” (“Obama To Unveil $1.058T Budget,” The Hill, 4/10/13)

• “The budget will also lay out more details of Obama's wish list for new spending…” (“On Left And Right, Obama's Budget Anticipated As A Dud,” USA Today, 4/10/13)

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