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Your Budget Priorities

Which of the President's priorities is most important to you?

Education

President Obama is committed to improving America's schools and providing the opportunity of higher education to any student who wants it. The President's plan:

  • Continues the maximum Pell Grant award that will help 9 million students afford college.
  • Reforms funding for K-12 schools by raising standards, encouraging innovative teaching techniques, and rewarding success.
  • Expands the Race to the Top concept to encourage competition for success in early-childhood education, school districts, university funding, and education-job training.
  • Trains 100,000 new science, technology, engineering, and math teachers.

Fiscal Responsibility

Having inherited a massive budget deficit, President Obama is dedicated to finally balancing the government's checkbook. The President's budget:

  • Freezes non-security discretionary spending for five years to reduce the deficit by over $400 billion and bring spending to its lowest level since President Eisenhower.
  • Cuts government infrastructure programs with an uncertain record of success and those programs the government simply can no longer afford.
  • Reduces Pentagon spending over the next five years, bringing defense spending down to zero real growth—including spending related to Iraq and Afghanistan.
  • Patches the Alternative Minimum Tax for three years so that middle-class families aren’t hit with a crippling tax increase.
  • Creates a mechanism to simplify the tax system, eliminate special-interest loopholes, level the playing field, and reduce corporate taxes for the first time in 25 years—all without adding to the deficit.

Infrastructure

President Obama is committed to helping rebuild America—to improving roads, bridges, trains, buildings, high-speech Internet access, and the crucial types of infrastructure that enable economic growth. His plan:

  • Creates jobs in the short term with a $50 billion investment to establish a National Infrastructure Bank to support important building projects and bring high-speed rail to 80 percent of Americans in the next 25 years.
  • Builds a wireless broadband network that will bring high-speed Internet to 98 percent of Americans, and establishes a network for public safety.

Innovation

Innovation has always been the heartbeat of American industry—and President Obama is committed to continuing that legacy. The President's plan:

  • Invests $148 billion in research and development and biomedical research at the National Institutes of Health—and more than doubles energy efficiency research and development.
  • Works to put 1 million electric cars on the road by 2015, double the current share of clean-energy electricity by 2035, and reduce the costs to power buildings. To pay for this, the President is eliminating 12 tax breaks to oil, gas, and coal companies.
  • Simplifies, expands, and makes permanent the research and development tax credit.
  • Creates 20 new Economic Growth Zones, which provide tax incentives to economically depressed areas to help jump-start investment and employment.

Government Reform

We need to reform government to encourage innovation and greater efficiency, ensuring that all Americans are well served and that tax dollars are never wasted. That's why President Obama's budget:

  • Cuts nearly $2 billion in administrative overhead costs such as printing, travel, and supplies.
  • Uses the Race to the Top model and creates competitive grant programs in early-childhood education and college, transportation, workforce training, and energy efficiency.
  • Begins to reorganize government to be more efficient and works to ensure that America is more competitive.