5 things to know about the Obama budget
1. It includes $350 billion in short-term measures to encourage job growth, including billions in infrastructure and schools.
2. The total budget reduces the deficit by $4 trillion over the next decade.
3. Unlike the last two GOP budgets, Obama’s budget protects Medicare and Medicaid from structural changes, and through small tweaks, saves $360 billion from those programs.
4. The budget eliminates 12 tax breaks to oil, gas, and coal companies, saving $41 billion over 10 years.
5. States will receive $30 billion in aid to prevent furtherlayoffs of firefighters, teachers, and police officers.
And we have 5 more facts on what you’ll find in Obama’s budget.
(via eddyizm)
