Official: Obama Proposes Cuts to Social Security

President Barack Obama announces the BRAIN initiative, in the East Room of the White House on April 2, 2013.

President Barack Obama announces the BRAIN initiative, in the East Room of the White House on April 2, 2013.

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As described by the administration official, the budget proposal would also end a loophole that permits people to obtain unemployment insurance and disability benefits at the same time.

Obama's proposal, however, includes calls for increased spending. It would make pre-school available to more children by increasing the tax on tobacco.

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