Policy Priorities

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CDF’s Analysis of the President’s FY 2015 Budget

March 26, 2014

President Obama’s $3.9 trillion budget blueprint for fiscal year (FY) 2015 lays out his proposals and spending priorities for the coming years.  The President's budget includes a number of important new investments for children.  It follows the spending parameters for FY 2015 set in the December budget deal approved by Congress and the President.  It also relieves sequestration cuts by adding back a fully paid for $56 billion in discretionary spending for 2015 as an “Opportunity, Growth, and Security Initiative," split evenly between defense and non-defense priorities. 

The President’s budget largely meets CDF’s budget principles: 1) protecting investments in children and low-income families from cuts; 2) investing in children to create jobs and promote economic growth for the nation, and; 3) ensuring the most advantaged Americans and corporations pay their fair share.  However, there is still much work to be done.  First, the budget is just a blueprint and any recommended investments must first be approved by Congress.  Second, as long as the budget caps set in place as part of the Budget Control Act (BCA) remain in place, it will be difficult to make the many investments that are needed to significantly reduce child poverty and improve equality of opportunity for America’s youth.  And third, additional steps are needed to raise the revenue for investments in children and to make the tax system fairer.  The President’s budget takes some steps to increase investments, but also included a portion of these new revenues to reduce corporate tax rates instead of investing them in further reducing child poverty and ensuring all children are given the supports and opportunities to live up to their full potential.

Read CDF’s analysis of the President’s FY 2015 budget proposal for children

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