President to unveil $4 trillion budget that busts spending limits

February 2, 2015 4:31 PM

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President to unveil $4 trillion budget that busts spending limits

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.

“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.

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