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Neon Tommy - Annenberg digital news

Obama To Release New Budget Plan

Eric Parra |
April 9, 2013 | 7:36 p.m. PDT

Executive Producer

Obama will give his budget plan release tomorrow.
Obama will give his budget plan release tomorrow.
After much talk and delays and postponing and mishaps, President Obama is scheduled to unveil his 2014 budget plan Wednesday.

Officials from the administration have claimed that their plan offers a compromise with a centrist course that refrains from extreme spending cuts of the House Republican budget and the $1 trillion tax hike by the Senate Democrats.

READ MORE: Obama Party Gap 'Too Wide' For Budget Deal

From The Washington Post

“The president’s proposal contains the same set of policies Republicans rejected just a few months ago during the “fiscal cliff” negotiations. Putting that plan into writing has failed to change many GOP minds, but it allows Obama to argue that he has met their demands to cut Social Security and Medicare. And it sets him up to blame Republican intransigence over taxes if a deal fails to materialize before Congress faces another showdown over the federal debt limit this summer.”

This budget is coming in several weeks after the House and Senate’s own decisions, but it is unclear whether the President will settle a deal between either of them and how the decision will reflect the years to come.

According to the Daily Caller, “the late budget plan is really an early piece of Obama’s election-day plan for November 2014, say GOP staffers.”The article continues that President Obama will continue to use his decisions to stay in favor of current representatives and provide persuasion when their elections come again the following year. “But the budget plan could allow Obama to mash several other emotional buttons all the way to election day in November 2014.”

READ MORE: GOP Budget Unsettled Between Parties

From The Hill

“The fiscal 2014 blueprint, to be released Wednesday, will call for a new $5,000 civil penalty for those who fraudulently file tax returns as someone else, and potentially stiffer criminal penalties on identity thieves.

Obama will also propose making it more difficult to access Social Security death records, delaying access for three years unless there is an urgent fraud-prevention purpose.”

 

For more of Neon Tommy's coverage on the budget nogiations click here.

Reach Executive Producer Eric Parra here.



 

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