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Taxes in the Obama budget

President Obama's budget would raise taxes on high earners by nearly $1 trillion over the next decade and impose new taxes worth nearly $500 billion on big businesses. Meanwhile, the vast majority of taxpayers and smaller businesses would be in line for tax cuts. But with congressional elections coming this fall, Obama's tax agenda may face rough sledding.


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Dour forecast underpins budget plan
Article | President Obama's proposed budget rests on a series of gloomy economic projections, which suggest that the administration does not foresee a quick leap out of the deepest downturn in generations.

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