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Obama's Budget: More Taxes, More Spending

April 9, 2013 in Economics

President Obama officially released his overdue budget on Wednesday. And while it is not exactly the compromise the media has portrayed it to be, Cato scholar Michael D. Tanner acknowledges that the president’s budget is a serious proposal that takes some steps in the right direction. “Overall, this is not a budget designed to reduce spending or the size of government,” says Tanner. “But as they say, the longest journey starts with a single step.”

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