Filed Under:Life Insurance, Life Planning Strategies

Obama’s Fiscal Platform (New York Times)

President Obama’s budget proposal for fiscal year 2013 provides details for many of the election-year priorities he has been laying out over the past months, including increased taxes on the wealthy and investments in new job-growth projects. The proposal includes $3.8 trillion in total spending and $2.9 trillion in revenues in 2013, leaving a deficit of about $900 billion. A New York Times infographic charts budget details like spending (labor, defense, and agriculture saw lowered funding; energy, education, and Veteran's affairs saw increases) and revenues (allowing Bush era tax cuts to expire and returning the estate tax to 2009 levels will save $968 billion; reforming the airline passenger fee will save $25 billion). 

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