Budget Plan: Take from Wealthy, Give to Poor

Ad Feedback

President Barack Obama unveiled a $3.9 trillion budget plan Tuesday designed to cut tax breaks for the wealthy while extending tax credits for the working poor.

In his 2015 budget proposal, Obama also plans to cut Social Security benefits and put more toward education, job training, and infrastructure.

Obama's proposal includes an additional package of $56 billion paid for by cutting spending and closing tax loopholes. Half would go into defense and half into domestic programs.

But Republicans said the best way to help the economy grow is by cutting taxes or reforming the tax code, not more government spending.

The president and Congress have already agreed on the two-year budget pact. The Democrat-controlled Senate said they won't advance a new budget this year.

What is the point of unveiling this plan if it has no chance of getting anywhere? Phil Kerpen, president of American Commitment, explained this and more on CBN Newswatch, March 4.

Log in or create an account to post a comment.  


Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBN News


CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.