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Credit and Debt
Obama budget seeks to help middle class, tax corporate overseas profits
Obama budget seeks to help middle class, tax corporate overseas profits

President Obama is set to release a $4-trillion budget Monday with liberal priorities that have little chance of passage but will serve as an initial foray in negotiations with the new Republican Congress and help define the Democratic Party in the run-up to the 2016 presidential race. The administration’s annual federal budget, like those that will follow from the House and Senate, is a largely aspirational blueprint, even more so in Obama’s final term. Ending in September 2016, this is the last budget that the president will still be in office to fully execute. There are several factors working in Obama's favor this year, including a strengthening economy, a falling...

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