Two members of Nebraska’s Congressional delegation pan the budget proposed by President Barack Obama.
Sen. Mike Johanns says the president’s proposed budget was dead on arrival.
“I’ve never seen anything like this in terms of a proposal by the president that isn’t even given five minutes of serious discussion,” Johanns says. “This budget is going nowhere.”
The president’s budget totals $3.9 trillion. It includes $55 billion in new spending on defense, highway infrastructure, preschool education, even an increase in tax credits for the poor. It would raise taxes by $1 trillion through increased taxes on businesses and America’s wealthy.
The White House estimates that the debt would shrink under the president’s budget plan to around 69% of the Gross Domestic Product. That, though, is a far rosier take than that projected by the Congressional Budget Office, which forecasts the debt to rise to 74% of the GDP in 2024.
Congressman Jeff Fortenberry, a member of the House Budget Committee, says the proposal lacks courage and vision.
“This budget significantly increases taxes and spending and has a whole laundry list of ideas that are going nowhere in the House,” according to Fortenberry.
The House is controlled by Republicans. Democrats control the Senate.
Both Fortenberry and Johanns are Republicans. Obama is a Democrat.
Fortenberry and Johanns expect Congress to follow the spending caps approved late last year after House Budget Committee Chairman, Rep. Paul Ryan (R-Wis.) and Senate Budget Committee Chairwoman Sen. Patty Murray (D-Wash.) reached agreement.
AUDIO: Brent Martin reports [:50]