February 1st, 2010
03:56 PM ET

Eight things you need to know about the budget

[cnn-photo-caption image=http://i.cdn.turner.com/cnn/2010/POLITICS/02/01/white.house.budget/story.budgetbook.afp.gi.jpg caption="The budget offers new tax breaks and incentives for small businesses and includes money for clean energy technology." width=300 height=169]


President Obama on Monday unveiled a $3.8 trillion budget for next year. Here are some key points. Remember, these are Obama's suggestions. Congress controls the purse strings.

Still a little extra in your paycheck

The Making Work Pay tax breaks would be extended for a year. These were part of last year's stimulus and resulted in slightly higher paychecks for 110 million families, the White House said.

More money for education

Obama wants $3 billion more for elementary and secondary education programs and $1.35 billion for his Race to the Top program. Pell grants, which help students pay for college, would increase by $17 billion.

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Filed under: Economy • President Barack Obama
soundoff (4 Responses)
  1. Laura Halter

    NASA is not just about the moon...there are 7,000 people employed at the KSC who will lose their jobs because he is not willing to extend the constellation program to "bridge the gap" until the Aries is ready. So, we are going to throw away the last 4 years of research, let 35 years of knowledge base walk away free to work for competing countries and create a National security issue all at once...President Obama says he wants to see more innovation, better science and math scores, etc., but yet he is going to decimate the space program. I understand most Americans see NASA as a waste – I suggest they look at their cell phones, their satellite tv's, etc etc and say "thanks NASA".....again there is much more at stake than the moon. I voted for Obama and I feel betrayed.

    February 1, 2010 at 3:45 pm |
  2. Denise Barlow

    To be honest, I don't know what to think anymore. I would just like to get a job. Maybe then my taxes will help pay for all this "stuff".

    February 1, 2010 at 3:34 pm |
  3. Tim Gibson

    Our guts tells us all we need to know about this budget Obama has offered up to congress. Why not just call it a no fly zone.

    February 1, 2010 at 3:34 pm |
  4. Veronica Ann

    How can we get the hard copy of this Budget?

    February 1, 2010 at 1:53 pm |