House Ways and Means Chairman Dave Camp (R-Mich.) says President Obama's budget goes in the "wrong direction." But Camp's new tax plan has similar proposals to parts of the White House framework.
On The Money
The 2015 budget contains some postal reform proposals that have been more likely to be embraced by Republicans, like ending Saturday delivery and moving away from door-to-door delivery.
Congress will begin the process on Wednesday of picking apart and breaking down the components of the fiscal 2015 White House budget, which was released on Tuesday.
His budget contains hundreds of millions of dollars to further regulatory initiatives.
The U.S. Trade Representative would get a nearly 7 percent boost in fiscal 2015 to about $56.2 million up from $52.6 million this year, according to President Obama’s latest budget request, which hit Capitol Hill.
Groups representing builders and realtors won a major victory in the House.
John Koskinen, confirmed late last year, has made boosting IRS funding one of his overriding goals.
President Obama’s $3.9 trillion 2015 budget proposal aims to ramp up job training programs, raise wages and reduce duplication across benefits programs.
The White House budget calls for $276 billion in all from the international tax system.
The $12.5 billion the White House is seeking is still more than $1 billion more than the agency currently receives.