020615coletoon

Like almost all proposed presidential budgets, Obama’s most recent package of taxes and spending is largely a political statement designed define priorities and serve as a starting point for negotiations. And as has been the case for the past six years, almost nothing in the Obama administration’s proposal stands a chance of ever being fully enacted. The budget plan has its faults — there’s no meaningful attempt to address entitlement reform, for example — and the proposal to pay for much needed infrastructure (roads, bridges, etc.) through tax increases on the very wealthy and corporations will surely be shot down by a bought-and-paid-for GOP majority in congress.