Obama on Monday proposed a $3.99 trillion budget for fiscal year 2016

President Barack Obama on Monday proposed a $3.99 trillion budget for fiscal year 2016 that sets up a battle with Republicans over programs to boost the middle class that are funded by higher taxes on corporations and wealthy Americans.

The budget foresees a $474 billion deficit, which is 2.5 percent of U.S. gross domestic product. It projects deficits stabilizing at that rate over a 10-year period, senior administration officials said.

Obama’s budget fleshes out proposals from his State of the Union address and helps highlight Democratic priorities for the last quarter of his presidency and the beginning of the 2016 presidential campaign.

But it is as much a political document as a fiscal road map and would require approval from the Republican-controlled Congress to go into effect.

“Our hope is that by laying out … a clear economic vision centered around the middle class and economic growth, that we’ll be able to have a productive conversation (with Republicans) and make progress over the course of the year,” an administration official said on Sunday, previewing the budget’s release.

Republicans have said they see room for compromise in areas such as tax reform and infrastructure, but many of Obama’s programs, which were rolled out in the weeks before the budget’s release, have landed with a thud.

“When … he devotes his time and energy to talking about the new tax-and-spend policies that progressives like and Republicans universally oppose, he signals to Congress that he is once again looking to argue rather than to legislate,” said Keith Hennessey, a former economic adviser to Republican President George W. Bush.

Democrats, however, viewed the budget as a statement of their priorities and a chance to demonstrate they represent the party that champions middle-income Americans.

“(It) affords him an opportunity to contrast his vision of helping the middle class with the Republican Congress’ approach of exacerbating inequality, ignoring the middle class and making the burdens of those who want to enter it even greater,” said Neera Tanden, president of the Center for American Progress, which has close ties to the White House.

INFRASTRUCTURE, TAX REFORM

The budget achieves some $1.8 trillion in deficit reduction over the next 10 years, officials said, through healthcare, tax and immigration reform, but the forecast assumes Republican support for Obama’s programs, which is unlikely.

Republicans have blocked immigration reform legislation in the House of Representatives, for example, and the budget assumes passage of such a bill.

The administration foresees a continuation of the decline in unemployment, forecasting a rate of 5.4 percent in 2015. The rate currently stands at 5.6 percent.

It also proposes a new infrastructure bank, a 6 percent increase in research and development, and a controversial consolidation of U.S. government agencies. Obama has previously proposed combining trade agencies, but the proposal fizzled.

The budget sets aside $14 billion to strengthen U.S. cybersecurity defenses after a spate of high-profile hackings.

It calls for a one-time, 14 percent tax on an estimated $2.1 trillion in profits piled up abroad by companies such as General Electric (GE.N) and Microsoft (MSFT.O), while imposing a 19 percent tax on U.S. companies’ future foreign earnings.

It proposes a 7 percent rise in U.S. domestic and military spending, ending “sequester” caps with reforms to crop insurance programs and closing tax loopholes such as one on “carried interest.” Those moves would help fund investments in infrastructure and education.

The budget would also reform rules governing trust funds and raise the capital gains and dividend rates to 28 percent from the current top rates of 23.8 percent.

In foreign policy, the budget funds efforts to defeat Islamic State militants and support NATO and European allies against Russian aggression, the White House said.

I’m fed up with Obama

GOPAfter listening to President Obama’s State of the Union address, I’m fed up. I’m fed up with his empty promises, I’m fed up with his lies and I’m fed up with his liberal agenda. Are you?America can’t afford more spending, more debt and more government intrusion in our lives.

If you’re fed up too, pitch in $16 right now to stop President Obama and his reckless liberal agenda.

Thanks,
Mike Shields
RNC Chief of Staff

P.S. Trust me, taking action will make you feel better.

National debt has doubled from $8.3 trillion to $16.7 trillion with the majority of that growth falling under Obama’s failed leadership

In 2006, then-Senator Obama voted against raising the debt ceiling saying “raising America’s debt limit is a sign of leadership failure.” Today, President Obama is calling on Republicans to do just that without any reforms to fix our nation’s addiction to spending. I’m sure President Obama is hoping you had forgotten his words from 2006. But we didn’t and neither should you. Since 2006, our national debt has doubled from $8.3 trillion to $16.7 trillion with the majority of that growth falling under President Obama’s failed leadership. Today, House Republicans are leading the fight to defeat ObamaCare, rein in runaway spending in Washington, and end the Democrat government shutdown. As conservatives, you and I know we can’t afford to continue down this reckless path. But President Obama and Congressional Democrats don’t want to listen to the truth, so they’re refusing to negotiate. It’s time to speak up. President Obama and Harry Reid can only ignore us if we let them.

Sign our petition today and tell House Republicans to continue to stand strong for our conservative principles.

Sara Armstrong
RNC Chief Operating Officer

Million American Job Project

It’s a mathematical fact. If we all buy just 5% more US made products we will create a MILLION new jobs. AND if each person that sees this video shares it with at least two friends it will only take a month for every person in America to see this. Crazy, but true. Seems like if we all knew the solution to unemployment was so simple we’d fix it. So let’s spread the news.

Flex your muscle as a consumer to create one million new jobs. It’s as easy as one, two, three. 1. Watch the video. 2. Take the pledge. 3. Share this project with at least two friends.

Take Pride in American Made Products visit www.MillionJobsProject.us

Did he or didn’t he?

It’s no secret it’s been a bad month for the Obama Administration. The scandals and controversies have been mounting, and Republicans have been working hard to continue to hold the Democrats accountable, despite their attempts to sweep things under the rug.

President Obama says he learned about the IRS scandal when he read about it in the news – just like you! If he REALLY didn’t know — what else doesn’t he know about? Is his staff conveniently forgetting to keep him looped in on other important issues? Who’s in charge over there?

We have less than 72 hours left before our end of month deadline, and we need your help so we can keep the pressure on President Obama and his liberal allies in Congress.

Contribute today and help us fight to hold the White House and the Democrats accountable

Thanks,
Kirsten Kukowski
RNC Press Secretary

Job force Hits New Low but Unemployment Goes down?

There are less people in the work force since 1979 with 90 million people no longer even attempting to find a job.  However, if you look at the unemployment numbers, they would suggest a different picture.  Right now, the unemployment rate is hovering around 7.6%, but if you included those who can work who don’t, it would be around 17%!  This tends to paint a different picture.

It doesn’t take a mathematician to realize that having less people in the workforce (and subsequently not paying income tax) hurts the economy.  A healthy economy needs to have a good amount of cash flow exchanging hands, investment go up and people relying on a job over the government.

According to ZeroHedge.com:

Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks, than to work .The best manifestation of this: the number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work. This was the biggest monthly increase in people dropping out of the labor force since January 2012, when the BLS did its census recast of the labor numbers. And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% – the lowest since 1979! But at least it helped with the now painfully grotesque propaganda that the US unemployment rate is “improving.”

People not in labor force:

Labor Force

Labor participation rate:

Labor Force Rate