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February 14, 2012

Obama Budget Boosts Taxes on the Rich 
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President Obama called on Monday for aggressive spending to boost growth
and for higher taxes on the rich. While outlining his $3.8 trillion
budget, Obama said he wants wealthier Americans to bear more of the
burden of slashing a federal deficit.

President Obama: "We don't need to be providing additional tax cuts for
folks who are doing really really really well. Do we want to keep these
tax cuts for the wealthiest Americans or do we want to keep investing in
everything else? Education, clean energy, a strong, military, care for
our veterans. We can't do both. We can't afford it. Some people go
around and say the president is engaging in class warfare. That's not
class warfare, that's common sense."
Republican Senator Jeff Sessions of Alabama criticized Obama's budget
plan.
Jeff Sessions: "Under the pronouncements we are hearing from the White
House, this budget reduces our deficit by four trillion dollars. That is
absolutely untrue, it doesn't reduce the deficit at all, virtually."



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