Saturday, January 20, 2018
Politics

Obama budget: Spending cuts, higher smokers' taxes

WASHINGTON — Mixing modest curbs on spending with tax increases reviled by Republicans, President Barack Obama proposed a $3.8 trillion budget on Wednesday that would raise taxes on smokers and wealthy Americans and trim Social Security benefits for millions.

Obama's 2014 blueprint combines a $242 billion infusion of new spending for road and rail projects, early education and jobs initiatives — all favored by Democrats — with longer-term savings from programs including Medicare and the military. It promises at least a start in cutting huge annual federal deficits.

The president pitched his plan as a good-faith offer to his GOP rivals, since it incorporates a proposal he made to Republicans in December that wasn't radically different from a GOP plan drafted by House Speaker John Boehner. But it follows January's 10-year, $600 billion-plus tax increase that has stiffened GOP resolve against further tax hikes.

"I have already met Republicans more than halfway, so in the coming days and weeks I hope that Republicans will come forward and demonstrate that they're really as serious about the deficit and debt as they claim to be," Obama said.

He was having a dozen Senate Republicans, including Florida Sen. Marco Rubio, to the White House for dinner Wednesday evening in hopes of building a dialogue on the budget and other topics.

After four years of trillion-dollar-plus deficits in his first term, Obama's plan projects a $973 billion deficit for the current budget year and red ink of $744 billion for the 2014 fiscal year starting in October. By 2016, the deficit is seen as dropping below 3 percent of the size of the economy, a level that many economists say is manageable.

Obama claims $1.8 trillion in deficit savings over the coming decade, but the budget tables show the savings are actually $1.4 trillion. And $1.2 trillion of that is devoted to reversing automatic, across-the-board spending cuts required because of Washington's inability to follow up a 2011 budget pact with further deficit action.

"This is worse than a status quo budget," said House Budget Committee Chairman Paul Ryan, R-Wis. He said it has about $1 trillion in new taxes and $1 trillion in new spending with deficit reduction of only $119 billion over 10 years under GOP math that sorts through questionable interpretations employed by the White House.

The real cuts include $400 billion scrubbed from health care programs such as Medicare over the coming decade, including cuts in payments to drug companies and higher Medicare premiums for people who are better off.

"He does deserve some credit for some incremental entitlement reforms," said Boehner, R-Ohio. "But I would hope that he would not hold hostage these modest reforms for his demand for bigger tax hikes. Listen, why don't we do what we can agree to do?"

The White House budget claims $580 billion in tax increases on the wealthy over 10 years.

Republicans predictably slammed Obama's plan for its tax increases, while his Democratic allies generally held their tongues over cuts to Social Security benefits.

"It's not the budget I would write on my own, and it includes several policies that I don't think are the best ways to tackle the deficit and debt," said Senate Budget Committee Chairwoman Patty Murray, D-Wash.

Comments
U.S. government shuts down; Democrats, GOP blame each other

U.S. government shuts down; Democrats, GOP blame each other

WASHINGTON ó The federal government shut down at the stroke of midnight Friday, halting all but the most essential operations and marring the one-year anniversary of President Donald Trumpís inauguration in a striking display of Washington dysfunctio...
Updated: 7 hours ago
Battle lines already forming for Menendez corruption retrial

Battle lines already forming for Menendez corruption retrial

NEWARK, N.J. ó U.S. Sen. Bob Menendez might spend 2018 asking voters to re-elect him and jurors to acquit him. Prosecutors from the Department of Justice told a federal judge in New Jersey on Friday that they will seek a retrial of the Democratic sen...
Updated: 10 hours ago
Romano: If UCF is national champion, then Iím a Hollywood stud

Romano: If UCF is national champion, then Iím a Hollywood stud

The late Senator Daniel Patrick Moynihan famously said people were entitled to their own opinions, but not their own facts.Clearly, Moynihan never dealt with Florida legislators.Because around Tallahassee, facts are fungible. They arenít just up for ...
Published: 01/19/18
Congress likely racing toward a government shutdown

Congress likely racing toward a government shutdown

WASHINGTON ó A bitterly-divided Congress hurtled toward a government shutdown this weekend in a partisan stare-down over demands by Democrats for a solution on politically fraught legislation to protect about 700,000 younger immigrants from being dep...
Published: 01/19/18
Clearwater City Council candidate John Funk: City needs better planning

Clearwater City Council candidate John Funk: City needs better planning

CLEARWATER ó Voters may not be too familiar with the name John Funk.So since launching his campaign for City Council Seat 5 against well-known incumbent Hoyt Hamilton, Funk said he has knocked on 2,000 doors to introduce himself. Before the March 13 ...
Published: 01/19/18
Clearwater City Council candidate Hoyt Hamilton: Experience is key for critical next term

Clearwater City Council candidate Hoyt Hamilton: Experience is key for critical next term

CLEARWATER ó By asking voters to elect him into office a fifth time, Hoyt Hamilton knows heís now considered part of the old-guard. Born and raised in Clearwater, his family roots stretch back here more than 100 years. Hamilton, 59, spent nearly his ...
Published: 01/19/18

Q&A: Government shutdown looms. Hereís what you need to know

Lawmakers have until midnight tonight to pass legislation to avert a government shutdown.Hereís what that means. Why would the government shut down?Every year, Congress has to approve laws, known as appropriations, that provide money for federal agen...
Published: 01/18/18
Redington Shores mayor, commission positions filled with no opponents

Redington Shores mayor, commission positions filled with no opponents

REDINGTON SHORES ó There will be no election this year, but the changeout of commission members that began last year will continue. When the new commission is sworn in this March, four of five members, including the mayor, will have changed within th...
Published: 01/18/18
Rick Baker leaving Edwards Group, promoting new book

Rick Baker leaving Edwards Group, promoting new book

ST. PETERSBURG ó Rick Baker is opening a new chapter in his life. So far, the future remains an open book.The former two-term mayor announced Sunday that heís resigning his position as president of the Edwards Group effective Jan. 31.Baker has worked...
Published: 01/18/18
Madeira Beach voters have clear choices as battle lines form over growth

Madeira Beach voters have clear choices as battle lines form over growth

By Sheila Mullane EstradaTimes CorrespondentMADEIRA BEACH ó Voters here can either end or continue the cityís divisive politics on March 13. They will also decide how the city grows.The two commission seats that now represent pro-growth and pro-devel...
Published: 01/18/18