(Reuters) – President Barack Obamaon Wednesday revived a list of his favorite ideas for raising $580 billion in new U.S. tax revenues over 10 years from the wealthy that, while unpopular in Congress, could prove an opening gambit for a longer term tax overhaul.

While certain to not move forward en masse, some elements of the 2014 budget blueprint, including proposals to stop big corporations from skirting tax on foreign income, could gain traction as lawmakers consider a revamp of the tax code and face a deadline on the government’s debt limit this summer.  Read more