Wednesday, April 10, 2013

Obama sends Congress $3.77T spending plan, riles both sides

Fox News.com ^ | April 10, 2013

President Obama found himself weathering bipartisan broadsides Wednesday as he sent Congress his 2014 budget proposal, which in its effort to please both sides of the aisle has ended up angering both.
The budget arrived on Capitol Hill Wednesday morning, delivered 65 days after the legal deadline. The $3.77 trillion spending plan, which is over 2,000 pages, tries to curb deficits by further raising taxes on top earners and reining in the growth of Social Security.
Obama called his plan "a fiscally responsible blueprint for middle class jobs and growth," during remarks he made Wednesday morning in the White House Rose Garden.
"If you're serious about deficit reduction, then there's no excuse to keep these loopholes open," he said.
He also said he's "already met Republicans more than half way."
But Republicans argue they already consented to increased taxes as part of the fiscal crisis deal and have expressed little interest in negotiating another hike. And liberal Democrats -- particularly powerful advocacy groups -- have launched a series of campaigns to oppose the changes to Social Security.
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