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Budget 2016: Obama moves left, testing Republicans (+video)

President Obama’s 2016 budget seeks higher spending on education, roads, and bridges, and a boost to middle class incomes. Republicans want to spend more on defense. The search for common ground is on. It’s Budget Day in Washington, and President Obama is taking a sharp turn from the past. Gone is an emphasis on deficit reduction. Talk of putting Social Security and other safety net programs on a more sustainable path has also been put to the side. Now, with deficits down, Mr. Obama is focused on boosting the middle class and reducing income inequality. That means higher taxes on wealthy Americans and corporations and more government spending…Read More

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