Find out what's in the $3.7 trillion budget proposed by President Barack Obama.
28 percent -- The percentage Obama wants to cap the value of itemized deductions at. Normally, a taxpayer multiplies their top tax rate by the amount of a deduction to calculate the taxes saved. But Obama's budget would cap that rate at 28 percent, which is below the top two income tax rates.
Warner Bros. Television
U.S. Army Signal Corps
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