Budget Matters Blog

Archives Feb. 14, 2011

President Obama's 2012 Budget

NPP

Provides State-Level Analysis of the President'sFiscal

Year 2012 Budget RequestToday

the White House released the Obama Administration's budget request

for Fiscal Year 2012, which begins on October 1, 2011.

As

expected, the estimated $3.7 trillion FY2012 request contains a

number of critical policy and fiscal goals, including:

Reducing

the government's annual deficit by placing a five-year freeze on

so-called "non-security" discretionary spending, while

eliminating a series of fossil fuel-related tax breaks and projecting

an end to the Bush-era tax cuts for the wealthiest Americans in 2012;

Investing

in education, with a goal of training more ...


The FY2012 Budget Message of the President

To the Congress of the United States:America is emerging from the worst recession in generations. In 2010, an economy that had been shrinking began to grow again. After nearly 2 years of job losses, America’s businesses added more than one million jobs. Our capital and credit markets are functioning and strong. Manufacturing is coming back. And after teetering on the brink of liquidation just 2 years ago, America’s auto industry is posting healthy gains and returning money to the taxpayers who helped it through a period of turmoil. The determination and resilience of the American people and ...