Obama's Budget Proposal Lifts 2013 Caps, Adds Billions In Spending

President Barack Obama, shown speaking at the University Of Kansas on January 22, defends his budget as an exercise in "middle-class economics." But forecasters at the nonpartisan Tax Policy Center say the 60 percent of Americans at the middle of the income ladder will more or less break even, while most benefits will go to low-income families.

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