Dear Mr. President,
Your budget sucks, but at least you got it snappily shrink-wrapped.
In addition to a litany of tax increases on the "wealthy" (and no, I don't considered a married couple each making $125 per year in a place like NY, San Fran, or DC to be that ), we've got a proposal to phase out the mortgage interest deduction. Awesome. Let's further bilk overstretched recent homeowners who are paying their mortgages on time. That will have no ramifications in the economy.
My only hope is that this is your classic legislative bargaining chip and will be removed during the "process."