March 4, 2014
AAF Analysis of the Administration’s Budget
The American Action Forum (@AAF) released an overview of the president’s Fiscal Year 2015 budget, as well as analysis of key spending priorities. In reviewing the spending and taxes in the president’s budget, AAF finds:
- Tax revenue increase of $1.8 trillion;
- Spending increase of $2.5 trillion over the budget window, or a 71% increase;
- Record deficits requiring additional borrowing of over $1 trillion in the next two years; and
- Higher interest payments on the debt, totally $812 billion in 2024.
Following are links to AAF’s analysis of the budget: