Party Bigwigs Start Making Cuts To Obama's Budget

Party Bigwigs Start Making Cuts To Obama's Budget

WASHINGTON -- What the Democratic barons of Congress liked best about President Obama's audacious budget was his invitation to fill in the details. They have started by erasing some of his.

The apparent first casualty is a big one: a proposal to limit tax deductions for the wealthiest 1.2 percent of taxpayers. Mr. Obama says the plan would produce $318 billion over the next decade as a down payment for overhauling health care.

Popular in the Community

Close

What's Hot