Budgeting for Change — Obama's Down Payment on Health Care Reform

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Abstract
Outlining a bold set of initiatives that would increase the role of government well beyond the boundaries sketched out by the $787 billion economic stimulus package, President Barack Obama has proposed a 2010 budget supporting his commitment to expanding a range of domestic programs, redistributing wealth to middle- and lower-income families, and reforming the health care system. The spending plan is breathtaking in scope and is designed to replace conservative policies that have been embraced by Republican administrations going back to Ronald Reagan. Released on February 26, the $3.6 trillion proposal calls on Congress to commit to a down payment of $630 billion over the next decade to finance health care reform and work with the administration to design a reform package. The budget adds substantially to the $150 billion in health-related revenues from the economic stimulus package that Obama signed into law on February 17.

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