President Obama in the local time 13, the budget to congress election year. And according to a White House official said the budget will include a tax increase to the rich, at the same time, several hundred billion dollars used to create employment transfer of infrastructure construction projects, etc. Such a position clear budget, be outside as Obama obviously will this as republicans open front with the platform.
The Wall Street journal for the budget shows, the fiscal year of 2012 is the government's budget deficit up to us $1.33 trillion, and the gross domestic product (GDP) of 8.5%, including infrastructure spending billions of dollars. This deficit data more than 2011 financial year of 1.296 trillion dollars. And the congressional budget office previously expected, the fiscal year 2012 budget deficit for 1.079 trillion dollars.
At the same time, the U.S. is expected to fiscal 2013 budget deficit for 901 billion us dollars, accounting for 5.5% of GDP. The U.S. government is expected to last September, the fiscal year 2013 budget deficit is about $833 billion, or 5.1% of GDP.
2013 annual budget also stressed in the United States economy back to the safety of the recovery before orbit, the suspension of the sharp deficit reduction, this also is Obama seek re-election in November of a key. Of course, as well as puts forward the measures of the gap narrowing deficit, according to the budget, the U.S. MLB hats government will be allocated $800 billion for job creation and infrastructure project, of which more than $3000 from the beginning of the year will be used for tax cuts and other measures.
At the same time, Obama also again called on to the rich collection of minimum the tax rate of 30%, say the plan to in the next 10 years will be $4 trillion deficit gradually reduced. "I think is now widely agreed is, now is not the time crunch." The incoming White House chief of staff, jack-Lou last week said.
And Obama's budget is the control of the house of representatives, republicans called "not likely to be successful budget", and further the Obama is represented as only know that tax increases and spending liberals. Since always, all republicans warned that tax increases will kill jobs, to curb the growth of the national debt is no profit.
"We are working to reduce debt." The house budget committee chairman Paul Ryan says, "unfortunately, the President and his party leaders, and not for this process the hard part."
"This not serious budget, is causing debt, confused and backward formula." The speaker of the house, boehner's spokesman also said that, "for a small business tax increases, will cause the economy suffer, make huge debt piled up, cause economic more volatile."
Have analysis, it has become the Obama budget for November second term of one of the largest platform, he take this platform to the American public about the future of the viewpoint, and at the same time, to republican fashion NBA Jerseys into the party of the wealthy, and commitment to voters he will have to do more to protect the interests of the poor.
However, the poll shows, despite recent American economy has been a sign of gratifying, americans still don't know Obama's economic management, this also is currently the biggest problems facing the Obama.
The Treasury the latest data shows, along with tax revenue growth and government spending declines, January budget deficit of $27.41 billion, far less than the same period on fiscal year level. Meanwhile, in the past four months, the U.S. deficit of $349.15 billion, and less than the same period last year of 418.76 billion dollars.