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Obama's Budget: Undoing Reagan Ideas

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The budget that President Obama proposed on Thursday is nothing less than an attempt to end a three-decade era of economic policy dominated by the ideas of Ronald Reagan and his supporters.

The Obama budget -- a bold, even radical departure from recent history, wrapped in bureaucratic formality and statistical tables -- would sharply raise taxes on the rich, beyond where Bill Clinton had raised them. It would reduce taxes for everyone else, to a lower point than they were under either Mr. Clinton or George W. Bush. And it would lay the groundwork for sweeping changes in health care and education, among other areas.

Read the whole story at New York Times

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