President Obama's 2013 Budget Proposal
Yesterday House Republicans shifted course and agreed to extend the payroll tax cut without insisting on spending cuts elsewhere to offset the cost. They also largely dismissed the $3.8 trillion budget President Obama submitted for fiscal 2013. His 220 page document which spells out his spending proposal includes higher tax rates for the wealthiest Americans and puts off action on the national debt. The plan is not likely to gain traction in Congress, but it does offer insights into the administration’s election year priorities. Please join us to talk about reaction to President Obama's fiscal 2013 fiscal budget proposal and the ongoing debate over tax reform, stimulus spending, and deficit reduction.
senior fellow, Center on Budget and Policy Priorities; former chief economist and economic policy adviser for Vice President Biden.
member of the Wall Street Journal's editorial board.
resident scholar at the American Enterprise Institute and coauthor of "The Broken Branch: How Congress Is Failing America and How to Get It Back on Track."