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President Obama to Release Fiscal 2015 Budget Proposal

budget analysis reviewPresident Barack Obama is set to submit his annual budget proposal to Congress for the fiscal year 2015, The Hill reported Thursday.

Justin Sink writes the president plans to ask Congress to reverse the sequestration cuts in the budget plan.

“If Congress rejects my plan and refuses to undo these arbitrary cuts, it will threaten our economy and our military,” Obama said in a blog article.

Obama also warned that investments in research, education, infrastructure and national security will slide to a 10-year low if Congress rejects the proposal, according to the report.

The budget plan is expected to raise anew the tax on middle-class Americans, Sink reports.

Obama also seeks to fund two years of students’ community college as laid out in his State of the Union address, the report says.

The Hill reports that the plan calls for funding to improve infrastructure, provide sick leave and treat chronic disease as well.

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