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Entitlement Cuts Missing from Obama's 2015 Budget

09-07-2014

President Barack Obama's 2015 budget is coming under fire from Republicans.

The new budget ignores an earlier offer to cut back on government spending, a central component that received Republican support but was opposed by many Democrats.

Obama's proposal eliminates trims to cost-of-living increases in Social Security and other benefit programs, and includes about $56 billion in new or expanded programs, stepping back from aggressive efforts to tackle long-term government deficits and debt.

That additional spending would be split evenly between military and domestic programs. Those programs would include the following:

  • A proposal Obama offered last year to help achieve universal pre-school education, funded through a tobacco tax
  • New proposals to expand job training programs
  • A "Race to the Top" initiative to help states cut energy costs

The budget also proposes an expansion of the Earned Income Tax Credit, a tax benefit for lower-income workers. The proposal aims to benefit workers without children.

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