Photo Credit: Breitbart President Obama on Monday will unveil a nearly $4 trillion budget for 2016 that offers a tax cut for the middle class and a $478 billion infrastructure plan, as well as new taxes on the wealthy and businesses.
Administration officials cast the plan, which will be released to the public at 11:30 a.m., as balancing investments in government programs with fiscal discipline.
“You don’t need to choose between those two things, you can, in fact, accomplish both. We believe our budget provides a roadmap for how to do that,” a senior administration official told reporters during a conference call Sunday.
The budget busts through ceilings on spending that were introduced in a 2011 budget deal between President Obama and House Republicans. The increased spending is likely to be rejected by Republicans now in control of the House and Senate.
The budget will request $74 billion more in spending for domestic programs and the Pentagon that would be allowed under the spending ceilings. (Read more about the budget for 2016 HERE)