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White House: Expect 'Familiar Elements' in Obama Budget

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    FBN's Rich Edson on the details being leaked ahead of President Obama's new budget proposal, and the GOP criticism it is drawing.

  • Duration 1:32
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Percent.

Well President Obama isn't expected to reveal his 2013 budget plan until next week -- We -- has a story from Washington so what are we talking about here how high is there is having zero.

It's.

Well it'll be in the trillions usually is these days an administration official tells fox -- to expect familiar elements in the president's Monday budget release.

-- Wall Street Journal Talley says the president will call for three trillion dollars in deficit reduction over the next decade.

A trillion and a half of that coming from tax increase is letting lower tax rates expire.

For families earning more than 250000.

Dollars a year the buffet rule -- and short.

No one earning more than a million dollars a year pays less than a 30% effective tax rate.

And a new special tax structure it's basically.

Designed to limit deductions for millionaires the official says the totals in the songs here may be a bit different -- that the administration's proposing policies to create a fair and stable economy.

Republicans say the president is using divisive language and policies to get reelected at the expense of the nation's fiscal health.

What we're getting from the president is not the kind of leadership we need.

To preempt a debt crisis and get our economy growing we're getting a political document yet again.

Ryan will release the house Republican budget proposal sometime before tax day Ryan says Republicans plan to go -- this year.

Shibani aren't coming -- that -- that means that looking forward -- -- rich Jensen CAC.