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The Budget

  • Broadcast in Politics



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The budget includes a number of hard choices. Its five-year freeze on overall funding for non-security discretionary programs — which would save $400 billion over ten years — includes an array of deep cuts, such as a 50 percent cut in the community services block grant and the Low-Income Home Energy Assistance Program (LIHEAP). It includes other hard choices within programs even when not cutting overall funding, such as eliminating Pell Grant assistance to help low-income students afford summer courses in order to limit program costs while maintaining the maximum Pell Grant award. The budget would allow various Bush tax cuts for people making over $250,000 a year to expire on schedule at the end of 2012 (although the budget does not count these savings as part of its estimated $1.1 trillion in total deficit savings), and it proposes to close an array of tax loopholes for special interests such as the oil and gas industries. The Center on Budget and Policy Priorities