Obama admin says it won’t use Ebola funding to combat Zika
US President Barack Obama speaks during a meeting with members of his national security team and cybersecurity advisors on new actions to enhance the nation’s cybersecurity, including measures that are outlined in the President’s FY2017 Budget proposal at the White House in Washington February 9, 2016.
Implementation over five years, this tax would be paid by the oil companies, but obviously have repercussions at the pump, as stated goal would encourage the private sector to invest in reducing dependence on hydrocarbons.
The budget will seek a largely budget-neutral upgrade of the unemployment insurance program, $1 billion for cancer research, $1.1 billion for prescription pain medication and heroin addiction treatment, a $10-a-barrel oil tax to pay for transportation improvements, a doubling of clean energy research funding, and $19 billion to shore up the government’s cyber defenses. “We are hopeful that there seems to be broad consensus around allowing so-called ‘open MEPs, ‘ as such programs have also received bipartisan support in Congress”.
Ryan, R-Wis., pledged that House Republicans would produce a budget that does reach balance in coming weeks.
Obama’s $4.15 trillion budget would make a host of new investments, but also reduce debt as a percent of the economy over 10 years, according to White House estimates.
The president’s budget includes a variety of proposals created to provoke a debate with Republicans.
The president’s budget proposal also called for US$62 million to expand efforts to attract and retain qualified cyber professionals working for the government.
The president also proposed a $3.1 billion effort to modernize the often antiquated federal technical infrastructure and networks, replacing legacy systems that have frequently serve as critical gaps in cybersecurity. Last summer, Obama’s baseline forecast a deficit of $8 trillion over the next decade. His proposal, curiously released while all eyes are focused on the New Hampshire primary, spans more than 2,300 pages, which, in itself, serves as a testament to the federal government’s bloat and overreach. In fiscal 2017, the deficit is projected to be $503 billion, or 2.6 percent of GDP, better than the $561 billion the CBO expects.
States would receive the added federal money based on the severity of their problem and the strategy proposed to confront it, White House officials have said.
After winning a higher income tax rate in 2013 on couples earning more than $400,000 per year, Obama and Republicans have battled over relatively small increases to the less than one-third of the budget passed by Congress each year. The president has called for paying for the budget with an increase in taxes on the wealthiest individuals in the country, as well as big banks.
GOP lawmakers said Obama’s proposal to impose a $10-per-barrel tax on crude oil-in order to bring in an additional $319 billion in revenue-had “no chance of congressional approval”.
Tester took Congress to task in December when he voted against a spending bill that will saddle future generations with almost $800 billion in debt.