A budget to reduce inequality?

Can it be true? Obama's new budget proposes steps toward reducing inequalities:

NY Times: Obama's Budget Plan Sweeps Away Reagan Ideas. (Feb. 26, 2009).

I suppose time will tell what will truly come from this, but for a moment I want to celebrate the fact that the executive branch is talking about income inequalities in this country. What a change!

Here's a link to the actual document Inheriting a Legacy of Misplaced Priorities, from the FY 2010 President's Budget on the White House's OMB page, which includes the following (music to our ears):

"By 2004, the wealthiest 10 percent of households held 70 percent of total wealth, and the combined net worth of the top 1 percent of families was larger than that of the bottom 90 percent. In fact, the top 1 percent took home more than 22 percent of total national income, up from 10 percent in 1980...And these disparities are felt far beyond one’s bank statement as several studies have found a direct correlation between health outcomes and personal income." [Emphasis Added]