News from The Hill: Obama proposes $4T budget with tax hikes on the rich

News from The Hill Obama proposes $4T budget with tax hikes on the rich By Justin Sink President Obama on Monday sent Congress a nearly $4 trillion budget blueprint for 2016 that would raise taxes on the wealthy and businesses while boosting spending on infrastructure and education. “These proposals will put more money in middle-class pockets, raise wages and bring more high-paying jobs to America,” Obama said in a message to Congress. “To pay for them, the budget will cut inefficient spending and close tax loopholes to make sure that everyone pays their fair share.” Read more on this breaking news at thehill.com.