Kyle Wingfield

Obama produces another tax and spend budget

President Barack Obama unveiled his $3.9 trillion budget for FY 2015, just days after Senate Democrats announced that they have no intention of trying to push through a budget in a what’s expected to be a contentious election year.

The proposal doesn’t offer anything in terms of new ideas or policy changes, though it does respect the budget framework agreed upon by Sen. Patty Murray (D-WA) and Rep. Paul Ryan (R-WI), chairs of the respective congressional budget committees, for FY 2015 before blowing past it in later years.

President Obama’s budget is more a nod to the leftist Democratic base than an actual blueprint for governing the country. It’s not passable, and the White House knows it. The proposal is so toxic that no vulnerable Democrat could support it and win reelection.

The Wall Street Journal notes that the budget would impose $1 trillion in new taxes over the next 10 years. Including new taxes and fees and rather rosy economic projections, the White House anticipates $3.15 trillion in new revenue through 2024, according to Philip Klein at the Washington Examiner.


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