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Obama’s $4 trillion budget includes higher taxes on rich and big banks, public works program
The $4 trillion budget that President Barack Obama sends Congress on Monday proposes higher taxes on wealthier Americans and corporations, and an ambitious $478 billion public works program for highway, bridge and transit upgrades. The grab-bag of proposals, many recycled from past Obama budgets, already is generating fierce objections from Republicans, who control both chambers of Congress for the first time in his presidency. They will move ahead on their own, mindful they eventually must strike a deal with Obama, whose signature is needed for the budget to become law….Read More