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$4 trillion Obama budget challenges GOP

President Barack Obama will send a $4 trillion budget blueprint to Congress today that would raise taxes on corporations and the nations top earners, fund major investments in infrastructure and education and stabilize, but not eliminate, the annual budget deficit.

By Jonathan Allen | Updated on February 02, 2015
(AP Photo/J. Scott Applewhite)

(Bloomberg) — President Barack Obama will send a $4 trillion budget blueprint to Congress today that would raise taxes on corporations and the nation’s top earners, fund major investments in infrastructure and education and stabilize, but not eliminate, the annual budget deficit.

The plan challenges Republicans to make politically thorny choices between defending current tax rates for the wealthy and Obama’s proposals to boost spending for the middle class, the Pentagon and companies that build domestic infrastructure.

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