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Obama budgets bold plan with sizable deficits and reforms
President Obama's budget projects a 2009 deficit of 1.75 trillion as he seeks wide changes in economy health care and energy. The plan would raise taxes on the wealthy cut farm subsidies tax pollution caps and curb Medicare and Medicaid and drug reimbursements. Supporters call it bold while opponents warn of tough fights in Congress amid strong vested interests and a tough economic backdrop.
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Washington
Barack Obama
Congress
Obama
Ronald Reagan
James Horney
Liberal Center On
House
Senate
Scott Lilly
Center For American Progress
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