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Obama's budget focuses on job creation

Publié par Clifford Armion le 14/02/2012

Kathleen Hennessey and Christi Parsons

Reporting from Washington President Obama called for more spending on community colleges, job training, infrastructure, and research and development as he touted an election-year budget that seemed to complete his shift in focus from budget cutting to job creation. Arguing that the country can't "cut our way to growth," Obama delivered a $3.8-trillion budget plan to Congress and blew through a promise to cut the deficit in half by the end of his first term. Obama's budget projects a $1.3-trillion deficit in fiscal year 2012 and $901 billion in 2013, both over the $700 billion that would have made good on his pledge. A central and controversial feature of the budget is a proposal to ask the wealthy to shoulder more of the burden of paying down the deficit. The 2013 budget counts $1.5 trillion in increased taxes, including the expiration of the George W. Bush-era tax cuts for top earners, increased estate taxes and higher rates on investment income. Read on...
Pour citer cette ressource :

"Obama's budget focuses on job creation", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), février 2012. Consulté le 26/02/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/obama-s-budget-focuses-on-job-creation