"Green budget"

From la Repubblica, Italy

WASHINGTON - "Higher tax for the well-off, a medium term fund for healthcare reforms, 'green' revenues from the trade-off of C02 emissions to fund tax relief for the low and middle classes. These are some of the core points of the budget as unveiled today by President Barack Obama. Along with the pledge to halve the deficit, which is expected to reach $1,750 bn in 2009, 12,3% of the entire US economy: the highest level since WWII. Obama hasn't denied the severity of the ongoing recession and stated that he intends "to offer transparency on the way each single dollar from the taxpayer is being spent".

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