Posts Categorized: Federal Budget

Budget Bites: President Obama’s budget would cut spending, raise revenue to reduce deficits

Posted by & filed under Federal Budget, Funding for the Environment.

President Obama’s proposed budget for Fiscal Year 2012 represents a good-faith effort to take a balanced approach to deficit reduction by proposing a mix of significant spending cuts, some increased investments as well as raising revenues by allowing high-income tax cuts to expire as scheduled in 2012 and closing numerous tax loopholes.