Obama's budget plan would help millions, won't happen

Chip Somodevilla/Getty Images

Obama's budget plan would help millions, won't happen
(Image credit: Chip Somodevilla/Getty Images)

The only things certain in life are death, taxes, and the fact that President Obama will never present a budget plan that Republicans like. He'll try again today when he proposes changing the tax code to expand or enshrine certain credits directed at college students, families with small children, and the working poor. According to the White House, 13.5 million Americans would receive a tax cut under the plan, which also includes calling for the elimination of a loophole that allows some wealthier Americans to avoid some payroll taxes on earnings.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More