New Voices report on Obama’s budget
President Obama last week released his proposed federal budget. Today Voices presents its analysis of the president’s budget, an in-depth look at how children fare under Obama’s spending blueprint.
To be sure, Obama is under tremendous pressure to cut spending and curb the national debt, but by and large the president protects services for children, especially those in severe need, and even offers some new investments in the next generation. President Obama manages to squeeze in an additional $300 million for Race to the Top, the federal program that awards grants competitively to the school districts that best innovate in their teaching; increased funding to implement the important health care reform legislation passed in 2010; and permanently extends vital support for families through the Earned Income Tax Credit, the Child Tax Credit and the Child and Dependent Care Tax Credit.
However, Voices was disappointed to see cuts in the Community Service Block Grant, which helps communities address poverty, of $327 million. A slash of $400 million for the Low-Income Energy Assistance Program is also bad news for economically struggling families, especially as the cost of oil continues to increase.
Learn more about how the president’s budget affects the programs that children and families depend on in our full report.