President Obama’s $3.8 trillion budget proposal calls for hiking taxes on the rich and spending more on transportation infrastructure and economic stimulus programs. Republicans say the budget doesn’t have a chance at approval, and that Obama is playing politics. We debate the budget and discuss its potential impact on California.
Obama's New Budget
(Alex Wong/Getty Images)
Guests:
Michael Doyle, reporter with the Washington Bureau of McClatchy Newspapers
Jared Bernstein, senior fellow at the Center on Budget and Policy Priorities and former chief economist and economic adviser to Vice President Joe Biden
Alan Viard, economist and resident scholar at the American Enterprise Institute, former senior economist at the Federal Reserve Bank of Dallas and a former senior economist on the President's Council of Economic Advisers under George W. Bush
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