2013 Budget Proposal – Policy Priorities

On Feb. 13, 2012, President Obama released his $3.8 trillion proposed budget for fiscal year 2013.  The budget is not expected to be adopted, but it does set the stage for debates over taxes and spending during what is expected to be a volatile presidential season. Construction spending accounts total about $120 billion. That is up only slightly over 2012’s spending level.  The president’s budget highlighted a heightened focus on enforcement, increased costs for regulation writers and a continuation of the call for higher taxes for “the rich” and “big oil.”  In short the document held little in the way of surprises and seemed a little dated clinging to policies that were rejected by both the House and Senate last year.  Below is additional detail on the budget released this week. Click here for the entire FY 2013 Budget Request.  Click here for AGC’s summary of FY 2013 construction accounts.