Obama's 2014 budget: Winners and losers
Who stands to gain -- and who doesn't -- from the president's new proposal?
President Barack Obama's proposed $3.8 trillion budget is designed to cut the deficit by $600 billion over 10 years, after factoring in the negation of cuts already enacted under the sequester, according to The Associated Press.
Depending on the framework of the final budget, some businesses will almost certainly see a more direct impact on their bottom line than others.
Here are a few selected examples, broken down by government agency:
The President's proposal, made in the past to cut $37.8 billion by eliminating some direct farm subsidies and reducing government help for crop insurance and never enacted, would affect a variety of corporations with ties to farming and agriculture.
Proposed changes to the food aid program could negatively affect farmers, leaving less money for discretionary spending and innovation. Examples include: Archer Daniels Midland (ADM), Deere (DE) and Monsanto (MON).
The President's proposed $615 million increased investment in solar, wind, geothermal and hydropower, as well as $282 million to develop new biofuels, is good news for companies like First Solar (FSLR), SunPower (SPWR), Green Plains
Repealing $4 billion per year in tax subsidies to oil, gas and other fossil fuel producers on the other hand, would not be welcomed by Exxon Mobil (XOM), Shell (RDS.A), Marathon (MRO) and others in the oil and gas sector.
The news for fossil fuel producers doesn’t get better in the Department of Interior part of the budget where the President is proposing new fees for the oil and gas industry to pay for the processing of permits.
Health and Human Services
Spending increases in the Health and Human Services budget due to Obamacare along with an increase in Medicaid spending is helpful to Pfizer (PFE), GlaxoSmithKline (GSK) and others in the health care sector.
Finally, if the President gets his way and $50 billion is set aside to pay for improving the nation's roads, bridges, transit systems, border crossings, railways and runways, companies like Caterpillar (CAT) will rejoice.
Likewise, passage of a $40 billion rail reauthorization program to upgrade existing intercity passenger rail services, develop new high speed rail corridors, and strengthen the overall competitiveness of the freight rail system will be welcomed by CSX (CSX) and others in the rail channel.
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Obama math.... Increasing the budget = cutting the deficit.
Obamanomics....Spending more = saving more.
Class warfare at it's best the 99 percenters are getting demolished maybe it would be a better country if it was socialist or communist country those liars in the press and congress brainwashing the world hmmm some democracy
How about this, stop or even cut the number of House members and limit to a set number just like the Senate.
Hell, they are all millionaires anyway, so why would they worry about Social Security or anything else that the American people have been depending on and promised for years.
Oh by the way, refund Social Security the 2 trillion that you borrowed (stole) to finance the war in the Middle East.
President Freerider would not know a budget if it fell on his stupid head....People need to realize this guy was raised a Liberal Commie and has been living off the taxpayers money most of his life. He will suck the working people dry to support his Marxist Agenda.
The Tea Party Patriots,Conservatives and Freedom Loving Americans will get things back on track in 2014.
Winners = Socialists and uber wealthy
Losers = American middle class taxpayers and old folks
The simplest math reveals the presidents budget as a scam. There is simply no way to stand in a public forum and declare defecit and spending reductions when a slow witted moron can figure out that the defecit will be $5 trillion greater at the end of his second term, or around $60,000/household in addition to current levels.- 44% of it borrowed
This should scare h--- out of everyone, even the takers and slackers knowing.their government ATM will soon enough be out of cash.
CRAZY 8`s:You gave me the best laugh I`ve had all day.The TEA PARTY is modern day
nazis.Who are led around by their noses by the convicted Koch brothers.How can the TEA
party idiots be that stupid?
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