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Obama Tax Raise: Looks To Raise Taxes On The Affluent To Pay For Health Care

Obama Tax Raise: Looks To Raise Taxes On The Affluent To Pay For Health Care
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President Obama will propose further tax increases on the affluent to help pay for his promise to make health care more accessible and affordable, calling for stricter limits on the benefits of itemized deductions taken by the wealthiest households, administration officials said Wednesday.

The tax proposal, coming after recent years in which wealth has become more concentrated at the top of the income scale, introduces a politically volatile edge to the Congressional debate over Mr. Obama's domestic priorities.

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