Huffpost Politics

Budget Plan For 2013 Released By Obama (FULL TEXT)

Posted: Updated:

WASHINGTON -- President Barack Obama unveiled a $3.8 trillion spending plan on Monday for 2013 that seeks to achieve $4 trillion in deficit reduction over the next decade but does little to restrain growth in the government's huge health benefit programs, a major cause of future deficits.

Obama's new budget was immediately attacked by Republicans as a retread of previously rejected ideas. The budget battle is likely to be a major component of the fall election campaign.

The president would achieve $1.5 trillion of the deficit reductions in tax increases on the wealthy and by removing certain corporate tax breaks. Obama rejected GOP charges of class warfare. In his budget message, he said, "This is not about class warfare. This is about the nation's welfare."

Scroll through the 2013 budget proposal below:

budget

Around the Web

Obama budget plan to tax the rich

Obama's Budget Plan Proposes Doubling Dividend Tax in Focus on the Wealthy

Obama budget plan: $4 trillion in deficit reduction over next decade

Obama's day: Selling his budget plan

Federal Budget 2013: How Obama's budget plan affects each agency

Need to Know News: Few details in Whitney Houston's death; Obama to outline ...

Norwich school budget plan far from finished