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President Obama's Proposed 2017 Budget

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  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    The White House: The President's Budget for Fiscal Year 2017

    The White House has posted the highlights of its proposed Fiscal Year 2017 Federal Budget in its website at the above link. I have browsed it and can pick out several items that I support. I expect it will be scrutinized and criticized by both the right and the left over the next several months. Congress will attempt to revise it before the deadline of September 30th for approval. I don't expect that deadline to be met. Instead Congress will pass Continuing Resolutions to fund the government until sometime after the November election, and depending on the results of the election, perhaps well into the new year.

    Any thoughts on the items in the budget? Take a look. Easy reading.

  • Strongly Liberal Democrat
    Democrat
    Portland, OR
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    It looks like Republicans are going to break decades of decorum and not even hold a single hearing on the Presidents proposed budget. I can only imagine how angry Republicans would be if the roles were reversed, but I can't say that I'm surprised they are doing this.
  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    Jared you appear to be right. These Republicans wallow in hate so much, that they do not give a damn about protocol or anything else.

    Republicans decline to hear president’s budget

    "President Obama’s $4.1 trillion budget for the government was formally submitted to Congress today, however, in an unprecedented move, it will not receive so much as a formal hearing from the Republican controlled House and Senate budget committees.

    "Going back to the 1970s, it has been customary for the Office of Management and Budget Director or another high level administration official to present the president’s entire budget in a hearing before Congress. Last week, the chairmen of the House and Senate budget committees released a joint statement saying this year, that would not be the case."

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    All I can say is that these (____________) have no desire to take their jobs seriously. In the end they'll blame Obama if the government shuts down.

  • Strongly Liberal Democrat
    Democrat
    Dallas, TX
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    Need an immediate massive tax cut or some type of massive government spending increase. Worry about the "budget" later.

    And this is no way to receive the President's budget, regardless of what is in it or not.

    Got an immediate problem in IRS refunds not going out in time. All kinds of compliance and paperwork issues with the 1095-A Obamacare tax forms.

    The easiest sort of tax cut to do and get distributed is to simply declare a payroll tax holiday, stop collecting the tax, and have the U.S. Treasury make our payments to the Trust Funds.

  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    Carlitos Wrote: The easiest sort of tax cut to do and get distributed is to simply declare a payroll tax holiday, stop collecting the tax, and have the U.S. Treasury make our payments to the Trust Funds.

    I support this proposal but make it permanent. The current system of payroll taxes for FICA is regressive. For those with payroll income above the cap, the more you make the less you pay as a percentage of your income. Even raising the cap to $250,000 as Bernie has proposed doesn't change the regressive nature of the tax. Taxing passive income (dividends, capital gains) as Hillary has suggested would place an additional burden on retirees who depend on this income from investments.

    The only way you can get a progressive tax is to eliminate the payroll taxes all together and make the funding a part of the revenue that the Department of Treasury rakes in from general taxes. Eliminate the payroll taxes and increase the general taxes slightly to offset. However, it would have to be funded "automatically" from the Treasury and not subject to the whims of a Congress.