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Obama’s budget will not produce a Grand Bargain, but Baucus’s Finance Committee might

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According to The Washington Post‘s Ezra Klein, President Obama’s $3.8 trillion budget is designed to force Republicans to pass new tax hikes once “political anger” about this year’s $85 billion sequester spending cuts kick in. Don’t hold your breath waiting for that to happen. A much more likely scenario is a replay of this winter’s fiscal cliff end game where a firm make-or-break deadline, the...

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