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Wednesday, February 04, 2015

GOP Promises Battle Over Budget

Republicans are vowing to fight President Barack Obama's fiscal 2016 budget that was unveiled Monday in the nation's capital.

The budget, which tips the financial scales at $4 trillion, contains tax raises on wealthy Americans and financial institutions. Those tax raises are intended to boost middle-class Americans by leaving more money in their pockets.

Republicans aren't buying it.

"At a time when Americans are still struggling to get by, this budget would add on even more costs and taxes," House Majority Leader Kevin McCarthy of California said, the Wall Street Journal reports.

Looming deadlines, however, could keep the GOP's budget fight short.

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