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Contentious details emerge in $4 trillion budget
The Washington Post: President Obama will unveil a $4 trillion budget Monday, featuring an ambitious public works program, a one-time tax on foreign profits kept overseas by corporations, tax credits for middle-class Americans, and a 1.3 percent pay raise for federal employees and troops.
The massive document is a blueprint for what Obama has been calling “middle-class economics,” but congressional Republicans are likely to view it merely as the president’s opening bid in a contentious process designed to forge a tax and spending plan for the new fiscal year.
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