Traditional Punjabi shoes are displayed at a trade expo in Amritsar, India. The country's new budget will cut the taxes on materials used in heels and soles. Sanjeev Syal/Demotix/Corbis hide caption

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Republican Rep. Tom Price, House Budget Committee chairman, said Tuesday that his budget "saves $5.5 trillion, gets to balance within 10 years, without raising taxes." Cliff Owen/AP hide caption

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House GOP Budget Sets Stage For Showdown With The President
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President Obama, shown speaking at the University Of Kansas on Jan. 22, defends his budget as an exercise in "middle-class economics." But forecasters at the nonpartisan Tax Policy Center say the 60 percent of Americans at the middle of the income ladder will more or less break even, while most benefits will go to low-income families. Jamie Squire/Getty Images hide caption

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Obama's Budget Proposal Lifts 2013 Caps, Adds Billions In Spending
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