The administration budget for fiscal year 2017 includes a broad
range of aggressive spending proposals supporting President
Obama's policy concerns. To comply with recent budget
agreements, it also includes tax provisions that would result in
$2.8 trillion in additional receipts over the next 10 years.
Presidential budgets are often best seen as aspirational documents
and do not necessarily translate into legislation on either the
spending or tax side. However, this budget, which begins on Oct. 1,
2016, serves to keep a number of ideas on the table into the
November elections, and some of its provisions could be considered
by this or future Congresses.
Nonetheless, the government remains deeply divided, with
Republicans controlling Congress. The president's previous
budgets have typically had a cool reception on Capitol Hill, but
the latest version is being greeted with open hostility. In fact,
the House and Senate Budget Committee chairs have already noted that
