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* Obama calls Republican budget a “Trojan horse”

* Says plan will end Medicare “as we know it”

By Alister Bull

WASHINGTON, April 3 (Reuters) – President Barack Obama

accused Republicans on Tuesday of favoring the rich with a

budget plan that focuses on cutting popular programs, which the

White House sees as a potent vote winner for Democrats in this

year’s election.

In a week in which Mitt Romney is expected to extend his

lead in the race for the Republican nomination to confront Obama

in the Nov. 6 election, Obama took aim at their new budget

blueprint, calling it a “prescription for decline.”

“The Republicans running Congress right now have doubled

down and proposed a budget so far to the right it makes the

Contract with America look like the New Deal,” Obama said,

comparing a 1994 Republican manifesto with the social programs

of Democratic President Franklin Delano Roosevelt in the 1930s.

In a rare name-check of the Republican front-runner, Obama

also noted in a speech that “one of my potential opponents,

Governor Romney,” had voiced hope he could sign a similar budget

into law on day one of his presidency, if he won in November.

“He even called it marvelous, which is a word you don’t

often hear when it comes to describing a budget,” said Obama,

who laid out a laundry list of programs he warned would be

savaged by Republican cuts, from education to healthcare.

“It is a bad idea and it will ultimately end Medicare as we

know it,” Obama said of the federal healthcare plan for the

elderly.

The partisan budget proposal, passed by Republicans in the

U.S. House of Representatives last week, would reduce deficits

by cutting spending while reforming the tax code. It would lower

the top tax rates on individuals and corporations to 25 percent

from the current 35 percent.

Republicans contend it is an answer to Obama’s spending

policies, which they blame for record budget deficits on his

watch.

The Republican budget proposal has no chance of passing the

Democratic-controlled Senate. But White House officials said the

goal of Obama’s speech was to hammer home a message that if

Republicans win in November, their budget is coming to America.

Stepping up the campaign against Romney, one of the richest

men ever to seek the White House, Obama officials said the

president will speak again on Friday at a conference on women in

the economy.

Obama is expected again to criticize Republican plans for

the economy. His remarks will come on the same day the

government is due to release its latest employment estimates.

Private forecasters polled by Reuters estimate payrolls

expanded by 203,000 in March.

GENDER POLITICS

A poll on Monday showed Obama was opening a large lead over

Romney among women voters in key election swing states.

Senior Obama officials say they were not surprised by the

poll’s findings after recent remarks about birth control by

Republican candidates on the campaign trail, which they said

sounded like an echo from the 1950s, and were a clear turn-off

for many young women.

Romney has said he would end federal funding for the Planned

Parenthood women’s health organization that provides abortion

services and Rick Santorum, his chief rival for the Republican

nomination, has called contraception morally wrong.

Romney hopes to all but wrap the race up this week by

winning election contests in Wisconsin, Maryland and Washington

D.C. He wants to pressure Santorum to stand aside and unite the

Republican party with the goal of defeating Obama in November.

Pressing his priorities on raising taxes on the wealthy,

protecting Medicare and defending the middle class, which he

hopes will peel away blue collar voters from the Republicans,

Obama said the House-passed budget would fundamentally change

America, and not in a good way.

“This congressional Republican budget … it’s a Trojan

horse. Disguised as deficit-reduction plan, it’s really an

attempt to impose a radical vision on our country,” he said. “It

is a prescription for decline.”

The Republican budget plan caps discretionary spending on

things like education and infrastructure and cuts spending on

welfare programs for the poor including for food stamps and

housing.

The Republican blueprint also proposes broad tax reform,

including closing loopholes to raise revenue, while advocating a

simplification in the tax code and lowering the top tax rate.

“This is now the party’s governing platform. This is what

they are running on,” Obama said. “I am not exaggerating. These

are facts.”