The article discusses President Barack Obama's budget proposal, which includes modest tax hikes, spending cuts, and entitlement reforms. The budget aims to reduce the deficit by $1.8 trillion over ten years, with $600 billion from revenue raisers and $1.2 trillion from spending reductions and entitlement reforms. Key proposals include changes to Social Security, Medicare, and health care savings, as well as expanded access to pre-K funded by a tobacco tax increase. The article also covers political reactions, including Speaker John Boehner's rejection of the proposal.
documents/EFTA01113857.pdf
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