• Home
  • Contact
  • –
  • Automotive
  • Entertainment
  • Family
  • Food & Health
  • General

DeeR Digest

  • Business
  • Education
  • Investments
  • Law
  • Tech
  • Travel
  • Lifestyle

Obama’s Budget 2015: What’s in it for you?

February 12, 2015 by Zara A Leave a Comment

Recently, the President Barack Obama submitted his budget proposal to the house, which experts as well as many senates say will finally drive the nation to a better direction with a purpose. The budget proposal and President Obama’s take on the budget were aired and streamed online through various sources such as CNBC live stream, FOX news live stream, MSNBC live and CNN stream by thousands of citizens and netizens.  Even though in an interview available on http://www.hulkuss.com/cnn-news-live-streaming/ senates seemed to support the budget, it is quite evident from the response of the Republicans that they would be opposing the proposal. So even if there are parts of the proposal that they could agree to, the Republicans will completely go against the budget. Moving on, these are some salient features of the budget proposal made by President Obama.

Cutbacks and Investment separate

Using the ‘bully pulpit’ to push USA into a new direction, President Obama calls for a greater public investment in some vital areas that could not be dealt with properly before. The public investment would be of course met by the taxes that have been increased only for the wealthy. He has finally put up an image of the government that no longer would favour the rich but understand the economic pain and harm so that it can actually make a difference and make the standards of living better.

President Obama himself has taken a resolve and has made it clear before the congress that he will not put his signature to a budget that would not increase the spending on vital areas. Thus, apart from the regular defence investments made, domestic priorities will now come first. In his recent dialogue with the press as well as message to the congress, President Obama was quoted saying “America can’t afford being short-sighted and I’m not going to allow it”. He said this while releasing a massive fund of 4 trillion USD for the fiscal 2016.

No sequester, only help

The recent budget thus provides the common man what he needs the most- proper support and an end to austerity driven sequesters. These sequesters have for long hampered and tampered with the pace of the economic recovery of the United States of America. From an increase to the security funds, the President has now asked for an increase in the infrastructure funding- almost 13% of the 3.6 trillion proposed infrastructure budget till 2020.

The President’s budget now offers a helping hand to working families, with an all newUSD 500 “second-earner” tax credit. With many such credits and increases as per the new budget, there would be changes in the college tuition credit, increase in the overall  Earned Income Tax Credit, and of course tax credits of up to USD3,000 per child in a family with two kids. These steps or proposals that have been reflected in the recent budget have been accorded as a new step towards ‘real development and betterment’. It would not be wrong to say that finally, the country is steering towards the right direction. 

Share this:
  • Share via Facebook
  • Share via Google
  • Share via Twitter
  • Share via LinkedIn
  • Share via Pinterest
  • Share via StumbleUpon
  • Share via Email

Filed Under: Investments Tagged With: Investment, Obama's Budget, Republicans

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Is It Time To Redecorate Your Home?
  • Thinking About Buying An Apartment?
  • Take Your Maserati From Lease to Ownership
  • 3 Top Tips For Having The Road Trip Of A Lifetime
  • Dangers Of The Internet
  • Top 5 Tips For Packing
  • Want to Start Selling CBD Derived Products? Here Are 4 Things You’ll Need to Know First
  • Are Electric Cars Worth The Cost?
  • 4 Tips For Moving To A Smaller Property
  • 7 Smart Ways To Spend Your Inheritance

Categories

  • Automotive
  • Business
  • Education
  • Entertainment
  • Family
  • Food & Health
  • General
  • Investments
  • Law
  • Lifestyle
  • Tech
  • Travel

Tags

Accident injury law Accident lawyers Automotive business car Credit Cards Entertainment family fashion Finance Fitness Food & Health general health Healthy Tips home Home Decorating Industries insurance Investment Investments law Leggings Lifestyle Lose Weight marketing Matching Professionals Mental Health Movavi Video Editor online Personal Injury Lawyer real estate Real Estate Market save money SEO supplements symptoms tech tips Trading travel Travelling Vacation website weight loss

Archives

  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • January 2019
  • December 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014