JOE COMERFORD – On February 14, the White House released the Obama Administration’s budget request for Fiscal Year 2012, which begins on October 1, 2011. As expected, the estimated $3.7 trillion FY2012 request contains a number of critical policy and fiscal goals, including:
Reducing the government’s annual deficit by placing a five-year freeze on so-called “non-security” discretionary spending, while eliminating a series of fossil fuel-related tax breaks and projecting an end to the Bush-era tax cuts for the wealthiest Americans in 2012;
Investing in education, with a goal of training more than 100,000 new science, technology, engineering and math teachers over the next decade;
Rebuilding the nation’s infrastructure with a substantial infusion of federal funds into high-speed rail, nationwide wireless, the creation of a National Infrastructure Bank, and a $28.6 billion (68%) increase in highway planning and construction; and
Promoting clean energy technology with the goal of one million electric vehicles on the road by 2015.