Reihan Salam : President is casting his budget as one with bipartisan appeal . The White House has released a preliminary fiscal 2018 budget, which calls for deep cuts to federal spending and tax breaks that disproportionately benefit the wealthy. Parts of the Obama plan will affect middle-income taxpayers , too , he says . The Buffett Rule essentially raises taxes on millionaires who earn long-term capital gains , as Alan Viard of the conservative American Enterprise Institute has explained . Salam : Budget shows difficulty of raising revenues without hitting middle class .
Reihan Salam : President is casting his budget as one with bipartisan appeal . The White House has released a preliminary fiscal 2018 budget, which calls for deep cuts to federal spending and tax breaks that disproportionately benefit the wealthy. Parts of the Obama plan will affect middle-income taxpayers , too , he says . Salam : Budget shows difficulty of raising revenues without hitting middle class .