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Monday, 2 February 2015

Breaking down the Obama budget

President Barack Obama's new $4 trillion budget plan is distributed by Senate Budget Committee staffer Eric Chalmers as it arrives on Capitol Hill in Washington, early Monday, Feb. 02, 2015. The fiscal blueprint for the budget year that begins Oct. 1, seeks to raise taxes on wealthier Americans and corporations and use the extra income to lift the fortunes of families who have felt squeezed during tough economic times. Republicans, who now hold the power in Congress, are accusing the president of seeking to revert to tax-and-spend policies that will harm the economy while failing to do anything about soaring spending on government benefit programs. (AP Photo/J. Scott Applewhite) Obama’s $4 trillion budget, like every president’s, is a wish list, but it also serves as a key mission statement.








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