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.
3More
Mitt Romney Not Running for President in 2016: Why I'm Disappointed | The New Republic - 3 views
4More
The Opportunity Gap - NYTimes.com - 3 views
1More
In State of the Union Address, Obama Is to Move Past Hardship and Reset Goals - NYTimes... - 0 views
3More
Why Republicans Are Talking About Income Inequality - Bloomberg Politics - 6 views
1More
Governor reminds the rich their responsibility towards the poor - 13 views
4More
Poverty and education in Chesterfield - Richmond.com: Guest-columnists - 4 views
2More
In school, the wealth gap takes the form of the opportunity gap | Marketplace.org - 1 views
« First
‹ Previous
61 - 80 of 308
Next ›
Last »
Showing 20▼ items per page