(MENAFN- Kuwait News Agency (KUNA)) President Barack Obama sent a USD four trillion budget proposal to Capitol Hill on Monday in which the US Congress predictably remained divided between Republican and Democratic lines.
The proposal which Obama argued will, "bring middle-class economics into the 21st century," "help American workers upgrade their skills," and "supports our efforts to degrade and ultimately destroy ISIL," was generally rejected by Republicans and praised by Democratic.
Republican Speaker of the House responded in a statement noting that the president's previous budgets have never balanced.
"It contains no solutions to address the drivers of our debt, and no plan to fix our entire tax code to help foster growth and create jobs," said Boehner. "Worse yet, President Obama would impose new taxes and more spending without a responsible plan to honestly address the big challenges facing our country." US Senate Majority Leader Mitch McConnell echoed Boehner's sentiments and noted it as, "another tired, tax-and-spend manifesto." He suggested, "growing the economy from the ground up with more future-oriented reform, more jobs, and more opportunity. We're going to pursue ideas that make government leaner, more efficient, and more effective." On the other side of the aisle, Democratic House Minority Leader Nancy Pelosi argued, "The President's forward-looking budget invests in middle-class families and puts forward a fiscally-responsible plan that reduces the ten-year deficit by nearly USD two trillion." "House Republicans should abandon their trickle-down agenda for the wealthy," she asserted.
Democratic Senate Minority Leader Harry Reid continued in his own statement and expressed that, "This budget creates jobs by investing in repairing our nation's crumbling infrastructure and expands access to higher education for thousands of Americans. All of this is achieved by asking big corporations and wealthy billionaires - who have been doing quite well - to pay their fair share." Republicans are now the dominant power in the House and Senate therefore finding a compromise with the Democratic White House will be a large task in the coming months. The current US budget will expire by the end of September.
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