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Obama's budget to target large financial institutions, wealthy

US president in State of the Union address will propose raising US$320 billion over next 10 years in new taxes
Monday, January 19, 2015 - 05:50
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The economic recovery has freed Mr Obama to push for more ambitious domestic policies

Washington

UNITED States President Barack Obama plans to propose raising US$320 billion over the next 10 years in new taxes targeting wealthy individuals and big financial institutions to pay for new programmes designed to help lower- and middle-income families, senior administration