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WASHINGTON — Democrats in the House and Senate trumpeted surplus-producing fiscal plans Wednesday as their GOP rivals seized on looming tax increases in the Democratic budget outlines as a potent issue for the presidential campaign.
Democrats are backing twin $3 trillion budgets for 2009 that would produce sizable surpluses in a few years and provide generous increases for many domestic programs, but only by assuming major tax increases when President Bush’s tax cuts expire in about three years.
