We're going to hear a lot of whining and complaining from the repugicans over Obama's budget.
They're really upset because two of their most important constituencies, the wealthy and the banks, are considered losers in Obama's budget, according to an analyis by Reuters:
They're really upset because two of their most important constituencies, the wealthy and the banks, are considered losers in Obama's budget, according to an analyis by Reuters:
LOSERS
* The wealthy - If your household earns more than $250,000 a year, start saying goodbye to the tax cuts of 2001 and 2003. Obama's budget lets those cuts expire seeks to raise $678 billion over 10 years to set against the deficit.
* Banks - In case there was any doubt about Obama's threat to make banks pay taxpayers back for the bailout program, the goal is now enshrined in the budget. The administration expects to earn $90 billion over 10 years from a fee it plans to levy on big financial institutions.
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