Tags: obama | budget | plan | misguided

Liberal Group Attacks Obama Budget Plan as ‘Misguided’

Wednesday, 10 Apr 2013 06:09 PM

By Todd Beamon

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
President Barack Obama’s $3.8 trillion budget released on Wednesday reflects “a misguided presidential purpose,” said Robert Borosage, co-director of the liberal Campaign for America's Future.

“This country needs fundamental reform to make this economy work for working people,” Borosage said in a statement. “Over 20 million people in need of full-time work is not acceptable. Record numbers in poverty is not acceptable.

“Failing to provide the next generation with a high-quality education from pre-K to affordable college is a national calamity. Gilded Age inequality and the collapse of the broad middle class that made America exceptional cannot go unchallenged.”

President Obama’s plan for fiscal 2014 would limit tax deductions for top earners, increase the estate tax, raise taxes for many lower-income households — and even lift taxes on tobacco. It also would make modest cuts in Social Security by changing how the government calculates the annual cost-of-living adjustments.

Under the plan, such adjustments would be modified to track a process known as a “chained” Consumer Price Index.

Borosage said Obama’s proposal resulted from “a president more comfortable with splitting the difference rather than setting the direction. The president’s overriding priority is to cut a deal — and a deal that continues to impose austerity on an already faltering recovery.

“We need a transformational president who will rouse Americans to address the challenges we face, not a transactional mediator who offers preemptive concessions to get a deal that ignores those challenges,” he said.


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

ISIS Beheads Kurdish Soldier, Threatens US in New Video

Friday, 29 Aug 2014 14:09 PM

Islamic State has issued a new video threatening the United States with more decapitations of prisoners and hostages whi . . .

Britain Raises Terror Threat Level on Iraq, Syria Fears

Friday, 29 Aug 2014 13:14 PM

Britain raised its terror threat risk level to severe on Friday because of fears over the situation in Iraq and Syria, . . .

Pentagon: Iraq Operations Costing $7.5M a Day

Friday, 29 Aug 2014 12:49 PM

U.S. military operations against Islamic State in Iraq have cost an average of $7.5 million per day since they began in  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved