A nonpartisan governmental agency says that the budget plan proposed by the White House would reduce the deficit.

While many political analysts argue that the financial plan put forth by President Barack Obama will not survive in a Republican-led Congress, the Congressional Budget Office says that the proposed budget would cut the deficit by about $2.5 trillion over the next ten years.

Republicans' problems with the plan include the fact that it would require a tax increase, a move unpopular at most times, and more so in an election year.