http://story.news.yahoo.com/news?tmpl=story&cid=580&e=1&u=/nm/20040202/bs_nm/budget_dc"Bush has overseen a dramatic worsening of the budget picture after inheriting a record surplus. He hopes to improve his fiscal image before the November election by promising to reduce the deficit by a third next year and in half by 2007."
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"His fiscal 2005 budget left out the tens of billions sure to be needed next year to keep U.S. troops in Iraq and omitted a fix for provisions in the tax code that will put a big burden on many middle-class households."
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"Bush will delay budget-busting reform of the alternative minimum tax, which requires a growing number of middle-income taxpayers to calculate their taxes in two ways and pay the higher bill.
Instead, Bush will propose a one-year extension of the AMT provisions. As with Iraq, he has decided to push back the day of reckoning until after the election."