WASHINGTON, April 17 President Barack Obama's
fiscal 2015 budget request would boost U.S. tax revenues by
nearly $1.4 trillion over 10 years if fully enacted, slashing
deficits by $1.05 trillion while funding new spending, the
Congressional Budget Office said on Thursday.
There is virtually no chance that Congress will advance
Obama's plan in its entirety. But the CBO's latest analysis will
feed campaign messaging by both Democrats and Republicans ahead
of congressional elections in November.
(Reporting by David Lawder; Editing by Eric Beech)