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Obama Sends Congress Record $4.1 Trillion 2017 Spending Plan
Source: Associated Press
Obama Sends Congress Record $4.1 Trillion 2017 Spending Plan
By ANDREW TAYLOR AND MARTIN CRUTSINGER, ASSOCIATED PRESS WRITERS
WASHINGTON — Feb 9, 2016, 11:25 AM ET
President Barack Obama sent Congress on Tuesday his eighth and final budget, proposing to spend a record $4.1 trillion on a number of initiatives. They include launching a new war on cancer, combating global warming and fighting growing threats from ISIS terrorists.
The new spending plan, for the budget year that begins Oct. 1 — just 3½ months before he leaves office — is facing heavy fire from Republicans who hope to capture the White House. The proposal had dim prospects of winning approval in a Republican-controlled Congress.
In all, Obama's budget would increase taxes by $2.6 trillion over the coming decade, nearly double the $1.4 trillion in new taxes Obama sought and failed to achieve in last year's budget.
GOP lawmakers said Obama's proposal to impose a $10 per barrel tax on crude oil to bring in an additional $319 billion over the next decade had no chance of winning approval in Congress. Obama's budget would use that extra money to fund billions of dollars in alternative transportation programs as part of the president's efforts to deal with global warming.
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By ANDREW TAYLOR AND MARTIN CRUTSINGER, ASSOCIATED PRESS WRITERS
WASHINGTON — Feb 9, 2016, 11:25 AM ET
President Barack Obama sent Congress on Tuesday his eighth and final budget, proposing to spend a record $4.1 trillion on a number of initiatives. They include launching a new war on cancer, combating global warming and fighting growing threats from ISIS terrorists.
The new spending plan, for the budget year that begins Oct. 1 — just 3½ months before he leaves office — is facing heavy fire from Republicans who hope to capture the White House. The proposal had dim prospects of winning approval in a Republican-controlled Congress.
In all, Obama's budget would increase taxes by $2.6 trillion over the coming decade, nearly double the $1.4 trillion in new taxes Obama sought and failed to achieve in last year's budget.
GOP lawmakers said Obama's proposal to impose a $10 per barrel tax on crude oil to bring in an additional $319 billion over the next decade had no chance of winning approval in Congress. Obama's budget would use that extra money to fund billions of dollars in alternative transportation programs as part of the president's efforts to deal with global warming.
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Read more: http://abcnews.go.com/Politics/wireStory/obama-release-trillion-budget-2017-36801662