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hcps-hsujd

Obama budget to seek to stabilize deficit, address income inequality - Nation - The Bos... - 12 views

  • WASHINGTON — President Obama will propose a 10-year budget Monday that stabilizes the federal deficit but does not seek balance, instead focusing on policies to address income inequality as he adds nearly $6 trillion to the debt.The budget — $4 trillion in fiscal 2016 — would hit corporations that park profits overseas, raise taxes on the richest of the rich, and increase the incomes of the middle class through new spending and tax credits. Continue reading below Obama will challenge the Republican Congress to answer his emphasis on wage stagnation, according to congressional aides briefed on the details.The central question that Obama’s budget will pose to Congress is this: Should Washington worry about what may be the defining economic issue of the era — the rising gap between the rich and everyone else — or should policy makers primarily seek to address a mountain of debt that the White House hopes to control but only marginally reduce as a share of the economy?The proposed budget includes an ambitious $478 billion public works program for highway, bridge, and transit upgrades, which would be partly paid for with a one-time tax on overseas corporate profits.
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    "WASHINGTON - President Obama will propose a 10-year budget Monday that stabilizes the federal deficit but does not seek balance, instead focusing on policies to address income inequality as he adds nearly $6 trillion to the debt. The budget - $4 trillion in fiscal 2016 - would hit corporations that park profits overseas, raise taxes on the richest of the rich, and increase the incomes of the middle class through new spending and tax credits. Obama will challenge the Republican Congress to answer his emphasis on wage stagnation, according to congressional aides briefed on the details. The central question that Obama's budget will pose to Congress is this: Should Washington worry about what may be the defining economic issue of the era - the rising gap between the rich and everyone else - or should policy makers primarily seek to address a mountain of debt that the White House hopes to control but only marginally reduce as a share of the economy? The proposed budget includes an ambitious $478 billion public works program for highway, bridge, and transit upgrades, which would be partly paid for with a one-time tax on overseas corporate profits." This article explains the way President Obama plans to close the income gap, and how he plans to do it. In short, Obama plans to raise taxes on the rich, and increase incomes for the middle class, making the income gap decrease. Hopefully, doing this will result in a lesser income gap between the rich and the poor, and make the democracy run more smoothly.
hcps-lewishe

Obama's Plans for Deficit and Taxes Are Detailed on Eve of Budget Proposal - NYTimes.com - 4 views

  • The central question that Mr. Obama’s budget will pose to Congress is this: Should Washington worry about what may be the defining economic issue of the era — the widening gap between the rich and everyone else — or should policy makers primarily seek to address a mountain of debt that the White House hopes to control but only marginally reduce as a share of the economy?
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    "President Obama will propose a 10-year budget on Monday that stabilizes the federal deficit but does not seek balance, instead focusing on policies to address income inequality as he adds nearly $6 trillion to the debt." This article outlines President Obama's plan to address income inequality in America.
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    " President Obama will propose a 10-year budget on Monday that stabilizes the federal deficit but does not seek balance, instead focusing on policies to address income inequality as he adds nearly $6 trillion to the debt." This articles talks about how Obama is trying to balance the federal deficit. Although, the debt is still increasing as he is working to fix income inequality.
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    " President Obama will propose a 10-year budget on Monday that stabilizes the federal deficit but does not seek balance, instead focusing on policies to address income inequality as he adds nearly $6 trillion to the debt." This article focuses on a new budget that President Barack Obama is proposing that will hopefully successfully address income inequality. The article explains how Obama works to fix the inequality, although the debt is still increasing. Throughout the article, the reader gains more information about how Obama plans to raise taxes on the wealthy and increase the incomes of those in the middle class through new spending and tax credits. 
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    This article explains how the current president of the United States is tackling income inequality. If I was president, it would be a long time away from now and changes could be made by the current presidents and the ones before me. Based on this article, I could easily create my opinion on income inequality in the US.
sommohapatra

Obama's Plans for Deficit and Taxes Are Detailed on Eve of Budget Proposal - NYTimes.com - 1 views

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    "President Obama will propose a 10-year budget on Monday that stabilizes the federal deficit but does not seek balance, instead focusing on policies to address income inequality as he adds nearly $6 trillion to the debt. The budget - $4 trillion for the 2016 fiscal year - would hit corporations that park profits overseas, raise taxes on the richest of the rich and increase the incomes of the middle class through new spending and tax credits. Mr. Obama will challenge the newly elected Republican Congress to answer his emphasis on wage stagnation, according to congressional aides briefed on the details." This article focuses on how President Obama is constructing a 10-year budget which will increase taxes on the richest, while increasing the income of the middle class through various methods. Although this budget has lots of support, it has sparked debate on whether it might widen the gap between the rich and everyone else.
hcps-jettcz

Henrico schools budget proposed to grow - Richmond.com: Henrico County News - 0 views

  • Henrico County school officials have presented a budget for the coming fiscal year that would see the school’s general fund increase by about $6.3 million, or 1.5 percent.
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    Article talks about how Henrico is going to put more money into the education budget.
hcps-asawlajk

Obama's Plans for Deficit and Taxes Are Detailed on Eve of Budget Proposal - 2 views

"Mr. Obama's spending-and-taxes plan foresees a $474 billion deficit, which would be 2.5 percent of the gross domestic product, a level most economists see as manageable, according to budget docume...

asawlajk income snow2

started by hcps-asawlajk on 01 Feb 15 no follow-up yet
hcps-mooreca6

Obama Budget to Seek to Stabilize Deficit and Address Income Inequality - NYTimes.com - 1 views

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    The $4 trillion budget would hit corporations that park profits overseas, raise taxes on the richest of the rich and increase the incomes of the middle class through new spending and tax credits. Mr. Obama will challenge the Republican Congress to answer his emphasis on wage stagnation, according to congressional aides briefed on the details. The article talks about how Obama is trying to help solve income inequality.
hcps-taylorac4

Obama's Plans for Deficit and Taxes Are Detailed on Eve of Budget Proposal - NYTimes.com - 1 views

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    This article discusses the controversial and risky decision Obama has made in order to smoothen income equality throughout the United States. This new budget proposes an increased income in favor of the middle class by other means such as spending and tax credits. This new plan is being debated by dozens of government workers and many others on whether Obama's large addition to the nation debt was necessary in securing our country's citizens.
hcps-lewishe

Obama's Plans for Deficit and Taxes Are Detailed on Eve of Budget Proposal - NYTimes.com - 3 views

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    "President Obama will propose a 10-year budget on Monday that stabilizes the federal deficit but does not seek balance, instead focusing on policies to address income inequality as he adds nearly $6 trillion to the debt." It seems that President Obama is trying to balance out the deficit without reducing it, and the deficit and debt seem be getting higher each year. On income inequality, he's trying to raise the income for middle- and lower-class workers.
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    Also in this article, Obama says he is willing to help workers through this process. He wants it to be a smooth transition to help workers get what they deserve and be equal.
hcps-bahamma

Obama on income inequality: 'I take this personally' - Los Angeles Times - 1 views

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    A brief over view of a speech Obama gave on income inequality and what it means to him personally. He states several scenarios where government programs helped get him and his family through hard times and comes to the conclusion that although the budget is tight, we shouldn't cut government programs.
hcps-rahmanz

Obama's Plans for Deficit and Taxes Are Detailed on Eve of Budget Proposal - NYTimes.com - 0 views

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    This article is discussing the effects of income inequality on American population. Income inequality is the economical gap between the wealthy and everyone else. Also, this article is discussing a controversial topic as follows: should the government focus on income inequality or national debt? 
libbymcf

A Guide to Statistics on Historical Trends in Income Inequality - Center on Budget and ... - 4 views

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    "The SCF data show that the top 3 percent of the income distribution received roughly a third of all income in 2013, while the top 3 percent of the wealth distribution held 54 percent of all wealth. [32]  Similarly, the top 10 percent of the income distribution received a little less than half of all income, while the top 10 percent of the wealth distribution held three-quarters of all wealth." This describes the difference between wealth and income. The concentration inequality is shown in multiple diagrams. Wealth has a result of inheritance and savings, while income is what is currently earned. There is a great gap in the distribution of wealth and income.
hcps-yuany

Obama turns attention to income inequality - Los Angeles Times - 4 views

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    "When it comes to our budget, we should not be stuck in a stale debate from two years ago or three years ago," Obama said at a nonprofit social services center in a poor neighborhood in the capital. "A relentlessly growing deficit of opportunity is a bigger threat to our future than our rapidly shrinking fiscal deficit." This article includes an in depth look into President Obama's take on income equality, and its effects on our economy. In addition, he included the topics of economic theory, which was included in his statement about income equality.
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