Obama To Offer His Own Deficit Reduction Package - Newschannel 6 Now | Wichita Falls, TX

Obama To Offer His Own Deficit Reduction Package

WASHINGTON (AP) - President Barack Obama is proposing $1.5 trillion in new tax revenue as part of his long-term deficit reduction plan.

The president on Monday will announce a proposal that includes new taxes, nearly $250 billion in reductions in Medicare spending and savings of $1 trillion from the withdrawal of troops from Iraq and Afghanistan.

The plan includes no changes in Social Security and does not include an increase in the Medicare eligibility age, which the president had considered this summer.
All in all, the president's plan is as much an opening bid as it is a political statement designed to draw contrasts with Republicans, who control the House of Representatives.

The new taxes in particular have little or no chance of passing Congress as proposed.

  • News HeadlinesNewsMore>>

  • WFPD: 45 vehicles broken into, all unlocked

    WFPD: 45 vehicles broken into, all unlocked

    Tuesday, May 22 2018 11:37 AM EDT2018-05-22 15:37:44 GMT
    The WFPD is encouraging residents to be vigilant following a string of vehicle burglaries where 12 handguns were stolen. (Source: RNN)The WFPD is encouraging residents to be vigilant following a string of vehicle burglaries where 12 handguns were stolen. (Source: RNN)
    The WFPD is encouraging residents to be vigilant following a string of vehicle burglaries where 12 handguns were stolen. (Source: RNN)The WFPD is encouraging residents to be vigilant following a string of vehicle burglaries where 12 handguns were stolen. (Source: RNN)

    Do you leave valuables in your vehicle overnight? WFPD warns of a recent string of vehicle burglaries where 12 firearms were stolen.

    Do you leave valuables in your vehicle overnight? WFPD warns of a recent string of vehicle burglaries where 12 firearms were stolen.

  • Manhunt Monday booked into the Wichita Co. Jail

    Manhunt Monday booked into the Wichita Co. Jail

    Tuesday, May 22 2018 10:47 AM EDT2018-05-22 14:47:07 GMT
    Mister Jerome Williams, 23, was arrested for aggravated assault by the WFPD. (Source: Crime Stoppers)Mister Jerome Williams, 23, was arrested for aggravated assault by the WFPD. (Source: Crime Stoppers)

    This week's Manhunt Monday suspect has been booked into the Wichita Co. Jail.

    This week's Manhunt Monday suspect has been booked into the Wichita Co. Jail.

  • Epic fox vs. rabbit vs. eagle battle caught on camera

    Epic fox vs. rabbit vs. eagle battle caught on camera

    Tuesday, May 22 2018 9:54 AM EDT2018-05-22 13:54:39 GMT
    Tuesday, May 22 2018 10:33 AM EDT2018-05-22 14:33:04 GMT
    Fox or eagle: Who ya got? (Source: Pixabay, file)Fox or eagle: Who ya got? (Source: Pixabay, file)

    A bald eagle tried stealing a rabbit from a fox at San Juan Island National Historical Park, but the fox wasn't about to let his meal get away so easily. 

    A bald eagle tried stealing a rabbit from a fox at San Juan Island National Historical Park, but the fox wasn't about to let his meal get away so easily. 

Powered by Frankly