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Obama Says He Is Ready for Budget Fight བོད་སྐད།


U.S. President Barack Obama is using his weekly broadcast address to urge lawmakers to pass his budget proposal, saying it represents dramatic change from the status quo.

Mr. Obama said Saturday the proposal, which projects more than $3 trillion in spending, will cut taxes for 95 percent of working Americans and invest in clean energy, healthcare and education.

He said the budget will help millions of Americans but only if Congress overcomes resistance from lobbyists and special interest groups who are "invested in the old way of doing business." Mr. Obama said these groups are gearing up for a fight but so is he.

The budget, submitted earlier this week, rolls back tax breaks for those making over $250,000 per year. It also calls for competitive bidding among health insurers and ends subsidies and tax breaks for banks and oil companies.

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