Structure of the Presidents Budget BALANCED DEFICIT JOBS INVESTMENTS - - PowerPoint PPT Presentation

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Oct 07, 2023 554 likes •636 views

Structure of the Presidents Budget BALANCED DEFICIT JOBS INVESTMENTS REDUCTION Skills and Builds off deficit Competitiveness reduction to date Education and R&D Includes Fiscal Cliff compromise offer All fully paid

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Structure of the President’s Budget

BALANCED DEFICIT REDUCTION

– Builds off deficit reduction to date – Includes Fiscal Cliff compromise offer – Replaces the sequester

JOBS INVESTMENTS

– Skills and Competitiveness – Education and R&D – All fully paid for

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Deficit Reduction to Date

Budget Control Act

$1,090 B

2011 Appropriations

$370 B

Fiscal Cliff Agreement

$660 B

Total

> $2.5 T

Reduced Interest Payments

$480 B

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$400 B $200 B $230 B $200 B $580 B $190 B

$50 B Investment $2,500 $3,000 $3,500 $4,000 $4,500

$4,300 B

The President's Commitment to Deficit Reduction

More than $2 in spending cuts for every $1 of revenue

CPI Discretionary spending Interest and other Infrastructure Total Revenues from tax reform Health savings Other Mandatory savings

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0% 1% 2% 3% 4% 5% 6% 7% 8% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Deficit (% of GDP)

Deficit under the President’s Budget

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