Cybersecurity
Obama Reaches for Relevance With $4.1 Trillion 2017 Budget
- President released 2017 budget that Republicans oppose
- Obama calls for taxes on oil, health care to raise revenue
Inside President Obama's $4.1 Trillion 2017 Budget Plan
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President Barack Obama sent his final budget request to Congress, a $4.1 trillion proposal for fiscal 2017 that represents his aspirations for curbing climate change, bolstering education and technology while also setting a marker in the political campaign to succeed him.
The budget unveiled Tuesday projects revenue to increase by $308 billion next year and spending to increase by $196 billion. Obama is seeking to raise $2.6 trillion over the next decade through changes to the tax code, including revamping levies on international business income and eliminating some benefits for wealthy people.