WEST SPRINGFIELD, Mass. (WWLP) - It's a $3.8 trillion budget that President Barack Obama says will grow our economy and shrink our deficits.
It's likely to impact everyone both rich and poor, young and old.
President Obama proposed smaller cost of living adjustments to Social Security, reducing benefit payments to seniors in the future.
Andrew Dratelis of West Springfield told 22News, "It's money we worked for and we put into the fund and it should be there it's not really an entitlement it's our money."
Mike Weltman of West Springfield agreed.
He told 22News, "More and more people are increasingly dependent on Social Security. Either they won't have enough money for adequate shelter food or whatever it's not like they're living a life of luxury."
The budget also targets smokers doubling the amount of federal tax per pack, a move some say will cut down on smoking but others say it's just one more unnecessary tax.
Elaine Viecelli of Agawam said, "They're trying to grab money unfortunately it doesn't help the you know the person who doesn't have a lot of money and the person that is trying to scrape to make ends meet."
The money from the increased tax will pay for a universal pre-k program.
Also in the budget:
- A proposal to reduce deficits by $1.8 trillion.
- It's a plan that would replace the automatic, across-the-board budget cuts that went into effect last month.
A Boost to Infrastructure Spending
- $50 billion to repair highways bridges, transit systems and airports.
- A plan that forces people who earn more than $1 million to pay a minimum of 30% of their income in taxes.