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Fri 02 Feb 2009Obama calls for higher taxes on the wealthiest
PRESIDENT BARACK Obama has called for higher taxes on the richest Americans, a $634 billion (€497 billion) “downpayment” on universal healthcare and a further $750 billion to bail out financial institutions.
The proposals would comprise part of a $3.6 trillion (€2.8 trillion) budget blueprint that would drive the federal budget deficit above 12 per cent of the country’s economic output.
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