Obama feels that the Budget Reform is extremely important and is needed to save the economy. Both political parties amd members need to work together to achieve the overall goal: to help the economy. This proposal budget promises $1.1 trillion in deficit savings over ten years. Repubilcans have critized the President for avoiding entitlement reforn in his budget, but Obama is glad that they have critized him.
The budget cut that was passed by the House of Representatives cut total funding for nuclear security programs by more than $600 million. The reason for this cut is that Barack Obama wants to encourage other nations to not use nuclear weapons, because mainly Barack dreams of a world without weapons.
In Barack's budget proposal for 2012, he calls for an estate tax with a $3.5 million exemption and a tax rate of 45%. Republicans are majorly opposed to an estate tax level like this. Obama's proposal will go into effect in January 2013. It cannot be confirmed whether the estate tax reform he has proposed is a tax increase or decrease.
Congress still cannot decide on what to do about the budget proposal for the 2012 fiscal year. Many Republicans are against Obama's changes to the government, and plan to go against his changes.
Barack Obama's budget plan will trim the federal deficit by cutting or eliminating about 200 federal programs.
For both the political parties there has been many opinions about the President's choices and ideas. At one point the Democrats were against Obama's tax cuts. Then the Republicans were agreeing with the President. Now the Republicans feel totally different. So the President cannot find support from one group and not get critized by another.
This connects back to class because under the Executive Office of the President there is the National Security Council, the Office of Management and Budget, and the National Economic Council. The National Security Council advises on military and foreign policy; the Office of Management and Budget prepares the national budget and is the largest office; and the National Economic Council advises with economic planning.
Information was found from multiple stories and articles from google.com
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