President Obama released the proposed 2015 budget on Tuesday, focusing on tax reform measures by closing loopholes and expanding credits. The proposed $3.901 trillion budget is expected to be mostly ignored by Congress, but to be used as a guiding document for Democratic priorities.
The proposed budget for USDA is $146 billion – $12 billion less than last year’s budget. Discretionary spending will be down $1 billion from last year and mandatory spending is reduced by $11 billion, mostly showing reductions in crop insurance and the Commodity Credit Corporation Fund. Read More