Budget for the coming year

Latest news from Washington: The USA President Obama has presented a four-trillion-dollar budget for the coming year2015, which is used for helping the middle class at the cost of higher taxes on companies and on the wealthiest Americans. It is said that the president is trying to plan the political agenda for the rest of his term in office. But it's likely to be oppressed by the Republican-controlledCongress.

Obama has carry on the new plan for rising the defense spending instead of reducing the budget as the plan before. Something of his opponents want take issue with the policy through raising taxes for roads, bridges and high-speed Internet . But the problem is that rising tax will prove most controversial,particularly the plan to impose a one-off levy on the overseas profits of US corporations, which could raise almost a quarter of a trillion dollars.

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