White House Correspondent, Washington, DC
Jeff's Feed
Feb 3, 2015
Feb 2, 2015

Obama proposes $3.99 trillion budget, draws scorn from Republicans

WASHINGTON, Feb 2 (Reuters) – President Barack Obama on
Monday proposed a $3.99 trillion budget that drew scorn from
Republicans and set up battles over tax reform, infrastructure
spending, and the quest to prove which party best represents the
middle class.

In his fiscal year 2016 budget blueprint, a political
document that must be approved by Congress to take effect, Obama
proposed a series of programs to help middle-income Americans
that he would pay for with higher taxes on corporations and
wealthy individuals.

Feb 2, 2015
Feb 2, 2015

Obama proposes $3.99 trillion budget, sets up battle with Republicans

WASHINGTON (Reuters) – President Barack Obama on Monday proposed a $3.99 trillion budget for fiscal year 2016 that sets up a battle with Republicans over programs to boost the middle class that are funded by higher taxes on corporations and wealthy Americans.

The budget foresees a $474 billion deficit, which is 2.5 percent of U.S. gross domestic product. It projects deficits stabilizing at that rate over a 10-year period, senior administration officials said.

Feb 2, 2015

Exclusive – Obama 2016 budget urges U.S. states to cut emissions faster

WASHINGTON (Reuters) – President Barack Obama’s fiscal 2016 budget proposes $7.4 billion to fund clean energy technologies and a $4 billion fund to encourage U.S. states to make faster and deeper cuts to emissions from power plants, officials told Reuters.

Obama’s budget, which will be published later on Monday, also calls for the permanent extension of the Production Tax Credit, used by the wind industry, and the Investment Tax Credit, used by the solar industry, the officials said.

Feb 2, 2015
Feb 2, 2015

Obama 2016 budget urges U.S. states to cut emissions faster

WASHINGTON, Feb 2 (Reuters) – President Barack Obama’s
fiscal 2016 budget proposes $7.4 billion to fund clean energy
technologies and a $4 billion fund to encourage U.S. states to
make faster and deeper cuts to emissions from power plants,
officials told Reuters.

Obama’s budget, which will be published later on Monday,
also calls for the permanent extension of the Production Tax
Credit, used by the wind industry, and the Investment Tax
Credit, used by the solar industry, the officials said.

Feb 2, 2015

Obama targets foreign profits with tax proposal

WASHINGTON (Reuters) – President Barack Obama’s fiscal 2016 budget will seek new taxes on trillions of dollars in profits accumulated overseas by U.S. companies, and a new approach to taxing foreign profits in the future, but Republicans were skeptical of the plan on Sunday.

Reviving a long-running debate about corporate tax avoidance, Obama will target a loophole that lets companies pay no tax on earnings held abroad, the White House said. But his proposal was certain to encounter stiff resistance from Republicans.

Feb 1, 2015
Feb 1, 2015

Obama targets foreign profits with tax proposal, Republicans skeptical

WASHINGTON (Reuters) – President Barack Obama’s fiscal 2016 budget will seek new taxes on trillions of dollars in profits accumulated overseas by U.S. companies, and a new approach to taxing foreign profits in the future, but Republicans were skeptical of the plan on Sunday.

Reviving a long-running debate about corporate tax avoidance, Obama will target a loophole that lets companies pay no tax on earnings held abroad, the White House said. But his proposal was certain to encounter stiff resistance from Republicans.

    • About Jeff

      "Jeff Mason covers the White House for Reuters. He was the lead correspondent for President Barack Obama's 2012 campaign and has been posted in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain, traveling with all three candidates. Jeff has also been posted in Frankfurt, Germany, where he covered the airline industry and Brussels, Belgium, where he covered climate change and the European Union. He has appeared on MSNBC, CNN, BBC, and NPR. Jeff is a graduate of Northwestern University and a former Fulbright scholar."
      Joined Reuters:
      2000
      Languages:
      English, French, German, Spanish
    • More from Jeff

    • Follow Jeff