President Obama is marketing his new budget by saying it has “more than $2 in spending cuts for every $1 of new revenue.” Is this true?

Morning Bell: 

Obama’s Fake Budget Marketing Exposed

Romina Boccia and Amy Payne

Read more: blog.heritage.org

President Obama is marketing his new budget by saying it has “more than $2 in spending cuts for every $1 of new revenue.” 

Is this true?

In a word, no.

In fact, his spending increases and advertised spending cuts cancel each other out—leaving only a massive tax increase.