Obama unveils 'fair shot' election-year budget
- Published: 14/02/2012 at 09:32 AM
- Online news: World
US President Barack Obama unveiled a $3.8 trillion budget packed with tax hikes on the rich and jobs programs, fleshing out a populist vision that he hopes to ride to a second term.
US President Barack Obama speaks to students about his 2013 budget at the Northern Virginia Community College in Annandale, Virginia. Obama proposed a $3.8 trillion budget brimming with populist tax hikes on the rich and jobs spending designed to outflank Republicans as he seeks a second term.
But the blueprint immediately sunk into the toxic mire of Washington politics, with Republicans branding it an "insult" to taxpayers, a mere "campaign document" and an example of an America "drowning in debt."
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About the author
- Writer: AFP News agency
- Position: Agence France-Presse
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