Earlier today, President Obama
sent to Congress his budget for Fiscal Year 2013. Treasury also released the
Greenbook, which provides an explanation of the Administration's revenue
proposals for Fiscal Year 2013. “This fiscal plan entails a carefully designed
set of investments and reforms to boost growth, create jobs and improve
opportunity for middle-class Americans,” said Treasury Secretary Tim Geithner.
“These proposals strike the balance between supporting growth and laying out a
responsible, long-term deficit reduction plan that simplifies the tax code and
asks the most fortunate to pay their fair share.” Read
a fact sheet about how the Administration’s budget proposes tax policy to
promote growth, create jobs and improve opportunity for the middle class here.
Also today, the Treasury
its FY 2013 budget that will help support the Obama Administration’s
comprehensive efforts to strengthen economic growth, create new jobs, and make
government more efficient. “The President’s Budget makes critical investments
to strengthen our nation’s economic competitiveness and spur job creation,
while putting in place long-term fiscal reforms that will help improve our
capacity to sustain growth in the future,” Secretary Geithner said. “As part of
that comprehensive strategy, Treasury is continuing to support key priorities
that will help strengthen economic growth, as well as identifying innovative
ways to deliver essential services at lower costs to taxpayers.”
Read it all here:
Erika Gudmundson is New Media Specialist at the Department of the Treasury.