If the President failed, he would lose a quarter of the $250 billion in taxes that his budget sought to raise over the next five years.

The budget seeks growth of about 3 percent above the anticipated rate of inflation for the next five years.

In addition to the loophole-closing, the budget seeks to increase state charges, fees and assessments by $19 million.

In addition, the budget seeks $93 billion for the war in the current fiscal year and money to increase the size of the Army.

The budget is seeking $2.7 billion for states to improve pipes and water treatment plants, a drop of almost 13 percent from last year.

The President's budget will seek 500 more agents for 1996.

He said the budget would seek to reduce "heavy and ineffective expenditure on farm programs."

His new budget seeks to pay off the entire $3.6 trillion tab by 2013.

The budget seeks $38.3 billion in new spending for the Pentagon, an 11.7 percent increase that would be the biggest since the Reagan administration.

The budget seeks substantially lower military spending and more money for domestic programs than proposed by President Bush.