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Obama speech: His four-part plan to cut $4 trillion from federal deficits

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“Some will argue we shouldn’t even consider raising taxes, even if only on the wealthiest Americans,” Obama said. “It’s just an article of faith to them. I say that at a time when the tax burden on the wealthy is at its lowest level in half a century, the most fortunate among us can afford to pay a little more.”

Obama's four-part plan

Obama laid out a four-part plan for deficit reduction:

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