POLITICO Breaking News: Obama seeks tax hikes on banks, the wealthy to pay for budget

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2016-02-09 16:03:07

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President Barack Obama sent his final budget to Congress on Tuesday, offering a $4 trillion spending blueprint that would pour billions into clean energy, education and Medicaid, and pay for it by raising taxes on big banks and the wealthy, among other proposals.

For fiscal 2017, the budget calls for $1.1 trillion in discretionary spending, an amount that abides by the caps set by last year's bipartisan budget deal.

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