Bush Submits $2.9 Trillion Budget: Billions For War, Tax Cuts, No Balance Until 2012
President Bush is sending Congress a $2.9 trillion budget that would provide billions of dollars for the war in Iraq, make his first-term tax cuts permanent and achieve a budget surplus three years after he leaves office.
The massive four-volume set of budget books, featuring two-tone green covers, was headed to Congress Monday, where the plan will receive a decidedly mixed reaction from Democrats. They have made clear that they plan to push their own budget priorities after regaining control of the House and Senate for the first time in 12 years.
AP | MARTIN CRUTSINGER | February 5, 2007 09:26 AM