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and tom hudson. nightly business report is made possible by: captioning sponsored by wpbt susie: good evening, everyone. president obama unveiled his 2013 budget today and, for the first time, projects the deficit dropping below $1 trillion. but tom, the budget is far short of the president s promise to cut the deficit in half by the end of his first term. tom: there are a few other firsts in the president s budget, susie. among the highlights of the $3.8 trillion plan? the top tax rate on dividends would jump to 40% for upper- income taxpayers. americans making more than $250,000 a year would see higher income taxes, raising $1.5 trillion in revenue for uncle sam. susie: given that this is an election year, how much of this is likely to make it into law and what will the year ahead bring? darren gersh takes a look. reporter: by now, it s not much of a surprise the president wants to raise some taxes. we don t need to be providing additional tax cuts for folks who
report with susie gharib and tom hudson. nightly business report is made possible by: captioning sponsored by wpbt susie: good evening, everyone. president obama unveiled his 2013 budget today and, for the first time, projects the deficit dropping below $1 trillion. but tom, the budget is far short of the president s promise to cut the deficit in half by the end of his first term. tom: there are a few other firsts in the president s budget, susie. among the highlights of the $3.8 trillion plan? the top tax rate on dividends would jump to 40% for upper- income taxpayers. americans making more than $250,000 a year would see higher income taxes, raising $1.5 trillion in revenue for uncle sam. susie: given that this is an election year, how much of this is likely to make it into law and what will the year ahead bring? darren gersh takes a look. reporter: by now, it s not much of a surprise the president wants to raise some taxes. we don t need to be providing additio
nightly business report is made possible by: captioning sponsored by wpbt susie: good evening, everyone. president obama unveiled his 2013 budget today and, for the first time, projects the deficit dropping below $1 trillion. but tom, the budget is far short of the president s promise to cut the deficit in half by the end of his first term. tom: there are a few other firsts in the president s budget, susie. among the highlights of the $3.8 trillion plan? the top tax rate on dividends would jump to 40% for upper- income taxpayers. americans making more than $250,000 a year would see higher income taxes, raising $1.5 trillion in revenue for uncle sam. susie: given that this is an election year, how much of this is likely to make it into law and what will the year ahead bring? darren gersh takes a look. reporter: by now, it s not much of a surprise the president wants to raise some taxes. we don t need to be providing additional tax cuts for folks who are doing reall
report with susie gharib and tom hudson. nightly business report is made possible by: captioning sponsored by wpbt susie: good evening, everyone. president obama unveiled his 2013 budget today and, for the first time, projects the deficit dropping below $1 trillion. but tom, the budget is far short of the president s promise to cut the deficit in half by the end of his first term. tom: there are a few other firsts in the president s budget, susie. among the highlights of the $3.8 trillion plan? the top tax rate on dividends would jump to 40% for upper- income taxpayers. americans making more than $250,000 a year would see higher income taxes, raising $1.5 trillion in revenue for uncle sam. susie: given that this is an election year, how much of this is likely to make it into law and what will the year ahead bring? darren gersh takes a look. reporter: by now, it s not much of a surprise the president wants to raise some taxes. we don t need to be providing additio
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