Obama sending $4 trillion spending plan to Congress

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generic Obama - updated 02/09/2015 - President Barack Obama - POTUS
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Obama sending $4 trillion spending plan to Congress
President Barack Obama meets with Secretary of Defense Ash Carter in the Oval Office of the White House, Tuesday, Feb. 17, 2015, in Washington. (AP Photo/Jacquelyn Martin)
FILE - In this Feb. 11, 2015, file photo, President Barack Obama, flanked by Vice President Joe Biden, left, and Secretary of State John Kerry, right, speaks about the Islamic State group in the Roosevelt Room of the White House in Washington. A White House summit this week on countering violent extremism will not focus exclusively on threats from the Islamic State group, senior administration officials said Monday, Feb. 16. The three-day conference will highlight both domestic and international efforts to prevent extremists and their supporters from radicalizing, recruiting and inspiring others, particularly disaffected young people. (AP Photo/Jacquelyn Martin, File)
US President Barack Obama speaks from the Oval Office at the White House in Washington, DC, February 17, 2015. AFP PHOTO/JIM WATSON (Photo credit should read JIM WATSON/AFP/Getty Images)
President Barack Obama meets with a group of "Dreamers" in the Oval Office of the White House in Washington, Wednesday, Feb. 4, 2015. The president is accusing opponents of his immigration action of failing to think about the "human consequences." The president spoke during an Oval Office meeting Wednesday with six of young immigrants who would be subject to eventual deportation under a bill passed by the House. The legislation would overturn Obama's executive actions limiting deportations for millions here illegally and giving them the ability to work. (AP Photo/Evan Vucci)
President Barack Obama listens to a question from a member of the German media during his joint news conference with German Chancellor Angela Merkel in the East Room of the White House in Washington, Monday, Feb. 9, 2015. The leaders were expected to discuss the ongoing conflict in Ukraine, and arming Ukrainian fighters to wage a more effective battle against Russian-backed separatists. (AP Photo/Jacquelyn Martin)
President Barack Obama shakes hands with German Chancellor Angela Merkel after thier joint news conference in the East Room of the White House in Washington, Monday, Feb. 9, 2015. The leaders were expected to discuss the ongoing conflict in Ukraine, and arming Ukrainian fighters to wage a more effective battle against Russian-backed separatists. (AP Photo/Jacquelyn Martin)
President Barack Obama answers a question during a joint news conference with German Chancellor Angela Merkel in the East Room of the White House in Washington, Monday, Feb. 9, 2015. The leaders were expected to discuss the ongoing conflict in Ukraine, and arming Ukrainian fighters to wage a more effective battle against Russian-backed separatists. (AP Photo/Evan Vucci)
U.S. President Barack Obama pauses while delivering remarks on his Fiscal Year 2016 Budget at the Department of Homeland Security (DHS) in Washington, D.C., U.S., on Feb. 2, 2015. Obama sent Congress a $4 trillion budget that would raise taxes on corporations and the nation's top earners, spend more on infrastructure and housing, and stabilize, but not eliminate, the annual budget deficit. Photographer: Kristoffer Tripplaar/Pool via Bloomberg
U.S. President Barack Obama delivers remarks on his Fiscal Year 2016 Budget at the Department of Homeland Security (DHS) in Washington, D.C., U.S., on Feb. 2, 2015. Obama sent Congress a $4 trillion budget that would raise taxes on corporations and the nation's top earners, spend more on infrastructure and housing, and stabilize, but not eliminate, the annual budget deficit. Photographer: Kristoffer Tripplaar/Pool via Bloomberg
U.S. President Barack Obama delivers remarks on his Fiscal Year 2016 Budget at the Department of Homeland Security (DHS) in Washington, D.C., U.S., on Feb. 2, 2015. Obama sent Congress a $4 trillion budget that would raise taxes on corporations and the nation's top earners, spend more on infrastructure and housing, and stabilize, but not eliminate, the annual budget deficit. Photographer: Kristoffer Tripplaar/Pool via Bloomberg
U.S. President Barack Obama, right, visits the National Operations Center at the Department of Homeland Security (DHS) before delivering remarks on his Fiscal Year 2016 Budget in Washington, D.C., U.S., on Feb. 2, 2015. Obama sent Congress a $4 trillion budget that would raise taxes on corporations and the nation's top earners, spend more on infrastructure and housing, and stabilize, but not eliminate, the annual budget deficit. Photographer: Kristoffer Tripplaar/Pool via Bloomberg
WASHINGTON, USA - FEBRUARY 02: US President Barack Obama speaks during a press conference at the Department of Homeland Security about his newly revealed budget and Republicans threat to not approve funding for the agency in Washington, D.C. on February 02, 2015. (Photo by Samuel Corum/Anadolu Agency/Getty Images)
WASHINGTON, USA - FEBRUARY 02: US President Barack Obama speaks during a press conference at the Department of Homeland Security about his newly revealed budget and Republicans threat to not approve funding for the agency in Washington, D.C. on February 02, 2015. (Photo by Samuel Corum/Anadolu Agency/Getty Images)
WASHINGTON, USA - FEBRUARY 02: US President Barack Obama speaks during a press conference at the Department of Homeland Security about his newly revealed budget and Republicans threat to not approve funding for the agency in Washington, D.C. on February 02, 2015. (Photo by Samuel Corum/Anadolu Agency/Getty Images)
U.S. President Barack Obama greets attendees after delivering remarks on his Fiscal Year 2016 Budget at the Department of Homeland Security (DHS) in Washington, D.C., U.S., on Feb. 2, 2015. Obama sent Congress a $4 trillion budget that would raise taxes on corporations and the nation's top earners, spend more on infrastructure and housing, and stabilize, but not eliminate, the annual budget deficit. Photographer: Kristoffer Tripplaar/Pool via Bloomberg
U.S. President Barack Obama delivers remarks on his Fiscal Year 2016 Budget at the Department of Homeland Security (DHS) in Washington, D.C., U.S., on Feb. 2, 2015. Obama sent Congress a $4 trillion budget that would raise taxes on corporations and the nation's top earners, spend more on infrastructure and housing, and stabilize, but not eliminate, the annual budget deficit. Photographer: Kristoffer Tripplaar/Pool via Bloomberg
WASHINGTON, DC - FEBRUARY 02: U.S. President Barack Obama (R) is greeted Secretary of the Department of Homeland Security Jeh Johnson (L) before speaking at the Department of Homeland Security about the administration's fiscal year 2016 budget request released earlier today February 2, 2015 in Washington, DC. The $4 trillion budget that President Obama sends Congress on Monday proposes higher taxes on wealthier Americans and corporations, and an $478 billion public works program for highway, bridge and transit upgrades. (Photo by Win McNamee/Getty Images)
President Barack Obama delivers remarks at the Department of Homeland Security on his FY2016 budget proposal, on Monday, Feb. 2, 2015, in Washington. Obama warned congressional Republicans Monday that he won't accept a spending plan that boosts national security at the expense of domestic programs for the middle class. (AP Photo/Evan Vucci)
President Barack Obama waves after delivering remarks at the Department of Homeland Security on his FY2016 budget proposal, on Monday, Feb. 2, 2015, in Washington. Obama warned congressional Republicans Monday that he won't accept a spending plan that boosts national security at the expense of domestic programs for the middle class. (AP Photo/Evan Vucci)
US President Barack Obama speaks on investments in 'precision medicine' on January 30, 2015 in the East Room of the White House in Washington, DC. President Obama on Friday unveiled plans to plow $215 million into 'precision medicine' research, a field he said provided 'boundless' promise for the treatment of diseases like cancer and diabetes.AFP PHOTO/MANDEL NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
WASHINGTON, DC - JANUARY 30: US President Barack Obama walks with Elana Simon, a 19 year old student who won last years White House Science Fair, during an event in the East Room at the White House, January 30, 2015 in Washington, DC. President Obama hosted the event to highlight investments that improve health and treat disease through precision medicine. (Photo by Mark Wilson/Getty Images)
WASHINGTON, USA - JANUARY 30: President Barack Obama takes a photo with a young girl after speaking about investments to improve health and treat disease through precision medicine in the East Room of the White House in Washington, D.C. on January 30, 2015. (Photo by Samuel Corum/Anadolu Agency/Getty Images)
WASHINGTON, USA - JANUARY 30: President Barack Obama hugs Elana Simon, a 19 year old student at Harvard University who met with the President at last years White House Science Fair, before speaking about investments to improve health and treat disease through precision medicine in the East Room of the White House in Washington, D.C. on January 30, 2015. (Photo by Samuel Corum/Anadolu Agency/Getty Images)
US President Barack Obama speaks on investments in 'precision medicine' on January 30, 2015 in the East Room of the White House in Washington, DC. President Obama on Friday unveiled plans to plow $215 million into 'precision medicine' research, a field he said provided 'boundless' promise for the treatment of diseases like cancer and diabetes.AFP PHOTO/MANDEL NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
US President Barack Obama addresses the House Democratic Caucus retreat on January 29, 2015 in Philadelphia. AFP PHOTO/NICHOLAS KAMM (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)
US President Barack Obama arrives to address the House Democratic Caucus retreat on January 29, 2015 in Philadelphia. AFP PHOTO/NICHOLAS KAMM (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)
US President Barack Obama addresses the House Democratic Caucus retreat on January 29, 2015 in Philadelphia. AFP PHOTO/NICHOLAS KAMM (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)
US President Barack Obama delivers remarks at an Armed Forces Farewell Ceremony for departing US Secretary of Defense Chuck Hagel at Joint Base Fort Myer-Henderson in Arlington, Virginia, January 28, 2015. AFP PHOTO / JIM WATSON (Photo credit should read JIM WATSON/AFP/Getty Images)
President Barack Obama gestures as he makes opening remarks at the House Democratic Issues Conference in Philadelphia, Thursday, Jan. 29, 2015. (AP Photo/Pablo Martinez Monsivais)
ARLINGTON, VA - JANUARY 28: U.S. Secretary of Defense Chuck Hagel (R) and U.S. President Barack Obama pass each other during Hagel's farewell ceremony at Fort Myer January 28, 2015 in Arlington, Virginia. Hagel is stepping down once his replacement, Ashton Carter, has been confirmed by the U.S. Senate. (Photo by Win McNamee/Getty Images)
ARLINGTON, VA - JANUARY 28: U.S. Secretary of Defense Chuck Hagel (L) and U.S. President Barack Obama (C) embrace as Vice President Joe Biden (R) looks on during Hagel's farewell ceremony at Fort Myer January 28, 2015 in Arlington, Virginia. Hagel is stepping down once his replacement, Ashton Carter, has been confirmed by the U.S. Senate. (Photo by Win McNamee/Getty Images)
US President Barack Obama (C) speaks with departing US Secretary of Defense Chuck Hagel (R) during at an Armed Forces Farewell Ceremony for Hagel at Joint Base Fort Myer-Henderson in Arlington, Virginia, on January 28, 2015. AFP PHOTO/JIM WATSON (Photo credit should read JIM WATSON/AFP/Getty Images)
NEW DELHI, INDIA - JANUARY 27: U.S. President Barack Obama addresses at Siri Fort Auditorium on January 27, 2015 in New Delhi, India. Obama said, 'We believe in the promise of India, we believe in the people of India. We are proud to be your partner as you build the country of your dreams. We are not perfect countries, have known tragedies and triumphs, have lot of challenges, but our two nation posses the key to progress.' He spoke on the topic 'India & America: the future we can build together', describing the numerous opportunities that both countries have to build a constructive partnership. (Photo by Vipin Kumar/Hindustan Times via Getty Images)
NEW DELHI, INDIA - JANUARY 27: U.S. President Barack Obama with his wife Michelle Obama at Siri Fort Auditorium on January 27, 2015 in New Delhi, India. Obama said, 'We believe in the promise of India, we believe in the people of India. We are proud to be your partner as you build the country of your dreams. We are not perfect countries, have known tragedies and triumphs, have lot of challenges, but our two nation posses the key to progress.' He spoke on the topic 'India & America: the future we can build together', describing the numerous opportunities that both countries have to build a constructive partnership. (Photo by Vipin Kumar/Hindustan Times via Getty Images)
President Barack Obama speaks during a joint news conference with British Prime Minister David Cameron in the East Room of the White House in Washington, Friday, Jan. 16, 2015. Growing fears about the specter of terrorism in Europe and the West are lending themselves to a sense of trans-Atlantic solidarity as President Barack Obama and British Prime Minister David Cameron meet at the White House. (AP Photo/Carolyn Kaster)
In this Jan. 28, 2014, photo, Vice President Joe Biden and House Speaker John Boehner of Ohio listens as President Barack Obama gives his State of the Union address on Capitol Hill in Washington. Obama used his last State of the Union to declare 2014 a "Year of Action," and he can claim credit for accomplishing several of the goals he laid out. The smaller ones. (AP Photo/Charles Dharapak)
President Barack Obama participates in a service project at Boys & Girls Club of Greater Washington, to celebrate Martin Luther King, Jr. Day of Service and in honor of Dr. King’s life and legacy, on Monday, Jan. 19, 2015, in Washington. (AP Photo/Evan Vucci)
File-This Jan. 9, 2015, file photo shows President Barack Obama speaking at Pellissippi State Community College, in Knoxville, Tenn. President Obama is turning to his biggest television audience of the year to pitch tax increases on the wealthiest Americans and put the new Republican Congress in the position of defending top income earners over the middle class. (AP Photo/Carolyn Kaster, File)
President Barack Obama listens as British Prime Minister David Cameron speaks during their joint news conference in the East Room of the White House in Washington, Friday, Jan. 16, 2015. In a show of trans-Atlantic unity, President Barack Obama and British Prime Minister David Cameron pledged a joint effort on Friday to fight domestic terrorism following deadly attacks in France. They also strongly urged the U.S. Congress to hold off on implementing new sanctions on Iran in the midst of nuclear talks. (AP Photo/Evan Vucci)
President Barack Obama and British Prime Minister David Cameron arrive for their joint news conference in the East Room of the White House in Washington, Friday, Jan. 16, 2015. In a show of trans-Atlantic unity, President Barack Obama and British Prime Minister David Cameron pledged a joint effort on Friday to fight domestic terrorism following deadly attacks in France. They also strongly urged the U.S. Congress to hold off on implementing new sanctions on Iran in the midst of nuclear talks. (AP Photo/Evan Vucci)
President Barack Obama speaks during a joint news conference with British Prime Minister David Cameron, Friday, Jan. 16, 2015, in the East Room of the White House in Washington. The president said the US and Britain will do everything in their power to help France seek justice for last week's terror attacks. (AP Photo/Carolyn Kaster)
President Barack Obama, right, walks with British Prime Minister David Cameron on the West Wing Colonnade of the White House, on Thursday, Jan. 15, 2015, in Washington. (AP Photo/Evan Vucci)
President Barack Obama steps from Marine One to walk across the South Lawn to the Oval Office of the White House, Thursday, Jan. 15, 2015, in Washington, as he returns from Baltimore where he attended the Senate Democratic Issues Conference and visited Charmington's Cafe where he talked about paid sick leave for working Americans. (AP Photo/Carolyn Kaster)
President Barack Obama walks from Marine One across the South Lawn to the Oval Office of the White House, Thursday, Jan. 15, 2015, in Washington, as he returns from Baltimore where he attended the Senate Democratic Issues Conference and visited Charmington's Cafe where he talked about paid sick leave for working Americans. (AP Photo/Carolyn Kaster)
President Barack Obama calls out to the media as he walks from Marine One across the South Lawn to the Oval Office of the White House, Thursday, Jan. 15, 2015, in Washington, as returns from Baltimore where he attended the Senate Democratic Issues Conference and visited Charmington's Cafe where he talked about paid sick leave for working Americans. (AP Photo/Carolyn Kaster)
President Barack Obama speak with, from left, Vika Jordan, Amanda Rothschild, and Mary Stein about proposed legislation to offer paid sick leave for working Americans, during a stop at Charmington's Cafe in Baltimore, Thursday, Jan. 15, 2015. Earlier, the president signed a memorandum is to direct federal agencies to advance six weeks of paid sick leave that federal workers could use as paid family leave. Workers would have to pay back the sick leave over time. (AP Photo/Evan Vucci)
President Barack Obama speaks about proposed legislation to offer paid sick leave for working Americans during a stopping at Charmington's Cafe in Baltimore,Thursday, Jan. 15, 2015. Earlier , the president signed a memorandum is to direct federal agencies to advance six weeks of paid sick leave that federal workers could use as paid family leave. Workers would have to pay back the sick leave over time. (AP Photo/Evan Vucci)
FILE - In this Dec. 19, 2014 file photo, President Barack Obama speaks during a news conference in the Brady Press Briefing Room of the White House in Washington to talk about successes in 2014, citing lower unemployment, a rising number of Americans covered by health insurance, and an historic diplomatic opening with Cuba. The Obama administration is putting a large dent in the U.S. embargo against Cuba as of Friday, significantly loosening restrictions on American trade and investment. The new rules also open up the communist island to greater American travel and allow U.S. citizens to start bringing home small amounts of Cuban cigars after more than a half-century ban. (AP Photo/Carolyn Kaster, File)
President Barack Obama greets audience members after speaking at Cedar Falls Utilities, Wednesday, Jan. 14, 2015, in Cedar Falls, Iowa. President Obama is once again challenging major cable and telephone companies by encouraging the Federal Communications Commission to pre-empt state laws that stifle competition for high-speed Internet service. (AP Photo/Charlie Neibergall)
President Barack Obama speaks at Cedar Falls Utilities, Wednesday, Jan. 14, 2015, in Cedar Falls, Iowa. President Obama is once again challenging major cable and telephone companies by encouraging the Federal Communications Commission to pre-empt state laws that stifle competition for high-speed Internet service. (AP Photo/Charlie Neibergall)
President Barack Obama speaks at Cedar Falls Utilities, in Cedar Falls, Iowa., Wednesday, Jan. 14, 2015, about steps to increase access to affordable, high-speed broadband across the country. (AP Photo/Carolyn Kaster)
President Barack Obama steps from Air Force One, Wednesday, Jan. 14, 2015, in Andrews Air Force Base, Md., en route to Washington. The president is returning from Cedar Falls, Iowa, where he discussed steps to increase access to affordable, high-speed broadband across the country. (AP Photo/Carolyn Kaster)
President Barack Obama, joined by Robert Houlihan, Chief Technology Officer at Cedar Falls Utilities, second from left, and David Schilling, Communications Services Manager at Cedar Falls Utilities, third from left and Commerce Secretary Penny Pritzker, attends a fiber optic splicing demonstration at Cedar Falls Utilities, in Cedar Falls, Iowa., Wednesday, Jan. 14, 2015, before speaking about steps to increase access to affordable, high-speed broadband across the country. (AP Photo/Carolyn Kaster)
President Barack Obama speaks at Cedar Falls Utilities in Cedar Falls, Iowa, Wednesday, Jan. 14, 2015, about steps to increase access to affordable, high-speed broadband across the country. (AP Photo/Carolyn Kaster)
President Barack Obama, followed by Rep. Dave Loebsack, D-Iowa, waves as they disembark Air Force One at Waterloo Regional Airport in Waterloo, Iowa, Wednesday, Jan. 14, 2015. (AP Photo/Matthew Holst)
US President Barack Obama speaks to US troops at Joint Base McGuire-Dix-Lakehurst in New Jersey, December 15, 2014. AFP PHOTO / SAUL LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)
US President Barack Obama (C) shakes hands with New Jersey Governor Chris Christie (L) after arriving at Joint Base McGuire-Dix-Lakehurst in New Jersey, December 15, 2014, to speak to US troops. AFP PHOTO / SAUL LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)
Troops react as they are greeted by President Barack Obama after his speech at Joint Base McGuire-Dix-Lakehurst, N.J., Monday, Dec. 15, 2014. President Barack Obama said every American who has served in Afghanistan should be proud of what they've accomplished. Obama is observing the end of combat operations in Afghanistan by visiting U.S. troops at New Jersey's Joint Base McGuire-Dix-Lakehurst. The base has been a launching point for deployments to Afghanistan. (AP Photo/Jacquelyn Martin)
President Barack Obama waves to troops before speaking at Joint Base McGuire-Dix-Lakehurst, N.J., Monday, Dec. 15, 2014. (AP Photo/Jacquelyn Martin)
Sen. Robert Menendez, D-N.J., watches at center as President Barack Obama greets New Jersey Gov. Chris Christie after speaking to military members and families Monday, Dec. 15, 2014, at Joint Base McGuire-Dix-Lakehurst, in Wrightstown, N.J. Sen. Cory Booker, D-N.J. is at right. (AP Photo/Mel Evans)
JOINT BASE MCGUIRE-DIX-LAKEHURST, NEW JERSEY - DECEMBER 15: U.S. President Barack Obama addresses an audience of armed forces December 15, 2014 at Joint Base McGuire-Dix-Lakehurst, New Jersey. Obama will address the troops to thank them for their service and mark the end of the combat mission in Afghanistan. ahead of the upcoming holidays. (Photo by Mark Makela/Getty Images)
JOINT BASE MCGUIRE-DIX-LAKEHURST, NEW JERSEY - DECEMBER 15: U.S. President Barack Obama addresses an audience of armed forces December 15, 2014 at Joint Base McGuire-Dix-Lakehurst, New Jersey. Obama will address the troops to thank them for their service and mark the end of the combat mission in Afghanistan. ahead of the upcoming holidays. (Photo by Mark Makela/Getty Images)
JOINT BASE MCGUIRE-DIX-LAKEHURST, NEW JERSEY - DECEMBER 15: U.S. President Barack Obama addresses an audience of armed forces December 15, 2014 at Joint Base McGuire-Dix-Lakehurst, New Jersey. Obama will address the troops to thank them for their service and mark the end of the combat mission in Afghanistan. ahead of the upcoming holidays. (Photo by Mark Makela/Getty Images)
US President Barack Obama greets US troops after speaking at Joint Base McGuire-Dix-Lakehurst in New Jersey, December 15, 2014. AFP PHOTO / SAUL LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)
JOINT BASE MCGUIRE-DIX-LAKEHURST, NEW JERSEY - DECEMBER 15: Members od U.S. audience of armed forces listen to U.S. President Barack Obama speaks December 15, 2014 at Joint Base McGuire-Dix-Lakehurst, New Jersey. Obama will address the troops to thank them for their service and mark the end of the combat mission in Afghanistan. ahead of the upcoming holidays. (Photo by Mark Makela/Getty Images)
US President Barack Obama greets US troops after speaking at Joint Base McGuire-Dix-Lakehurst in New Jersey, December 15, 2014. AFP PHOTO / SAUL LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)
US troops listen as US President Barack Obama speaks at Joint Base McGuire-Dix-Lakehurst in New Jersey, December 15, 2014. AFP PHOTO / SAUL LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)
US President Barack Obama arrives to speak to US troops at Joint Base McGuire-Dix-Lakehurst in New Jersey, December 15, 2014. AFP PHOTO / SAUL LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)
US President Barack Obama speaks to US troops at Joint Base McGuire-Dix-Lakehurst in New Jersey, December 15, 2014. AFP PHOTO / SAUL LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)
WASHINGTON, DC - DECEMBER 15: U.S. President Barack Obama waves as he departs the White House December 15, 2014 in Washington, DC. Obama is scheduled to travel to New Jersey later in the day. (Photo by Win McNamee/Getty Images)
US President Barack Obama (L) walks to greet guests after arriving at Joint Base McGuire-Dix-Lakehurst in New Jersey, December 15, 2014, to speak to US troops. AFP PHOTO / SAUL LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)
US President Barack Obama departs the White House in Washington, DC, December 15, 2014. Barack Obama is travelling to Joint Base McGuire-Dix-Lakehurst in New Jersey to deliver remarks expressing gratitude to the troops for their service and sacrifice. AFP PHOTO/JIM WATSON (Photo credit should read JIM WATSON/AFP/Getty Images)
WASHINGTON, DC - DECEMBER 15: U.S. President Barack Obama waves as he departs the White House December 15, 2014 in Washington, DC. Obama is scheduled to travel to New Jersey later in the day. (Photo by Win McNamee/Getty Images)
WASHINGTON, DC - DECEMBER 14: (L-R) Malia Obama, Sasha Obama, U.S. President Barack Obama, and First Lady Michelle Obama speak onstage at TNT Christmas in Washington 2014 at the National Building Museum on December 14, 2014 in Washington, DC. 25248_002_1209.JPG (Photo by Kevin Mazur/WireImage)
US President Barack Obama makes a statement to the press before a meeting in the Roosevelt Room of the White House December 12, 2014 in Washington, DC. Obama spoke before a meeting with his Ebola response team. AFP PHOTO/BRENDAN SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)
US President Barack Obama takes part in a meeting with the President's Export Council in the Eisenhower Executive Office Building on December 11, 2014 in Washington, DC. From left: Boeing Chairman, President and CEO Jim McNerney, Obama, and Xerox Chairman and CEO Ursula Burns. AFP PHOTO/MANDEL NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
US President Barack Obama takes part in a meeting with the President's Export Council in the Eisenhower Executive Office Building on December 11, 2014 in Washington, DC. At left is Boeing Chairman, President and CEO Jim McNerney. AFP PHOTO/MANDEL NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
US President Barack Obama and First Lady Michelle Obama sort toys and gifts for the Marine Corps Toys for Tots campaign on December 10, 2014 at Bolling Air Force Base in Washington, DC. The gifts were donated by staff of the presidential office. AFP PHOTO/MANDEL NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
US President Barack Obama takes part in a meeting with the President's Export Council in the Eisenhower Executive Office Building on December 11, 2014 in Washington, DC. AFP PHOTO/MANDEL NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
US President Barack Obama and First Lady Michelle Obama sort toys and gifts for the Marine Corps Toys for Tots campaign on December 10, 2014 at Bolling Air Force Base in Washington, DC. The gifts were donated by staff of the presidential office. AFP PHOTO/MANDEL NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
WASHINGTON, DC - DECEMBER 10: U.S. President Barack Obama, with bags slung over his shoulders, delivers toys and gifts donated by Executive Office of the President staff to the Marine Corps Reserve Toys for Tots Program at Joint Base Anacostia-Bolling December 10, 2014 in Washington, DC. For 67 years the Toys for Tots program has worked with local communities to collect and distribute toys and gifts for less fortunate children throughout the United States. (Photo by Chip Somodevilla/Getty Images)
WASHINGTON, DC - DECEMBER 10: US President Barack Obama (R) and first lady Michelle Obama sort toys and gifts donated by Executive Office of the President staff to the Marine Corps Reserve Toys for Tots Program at Joint Base Anacostia-Bolling December 10, 2014 in Washington, DC. For 67 years the Toys for Tots program has worked with local communities to collect and distribute toys and gifts for less fortunate children throughout the United States. (Photo by Chip Somodevilla/Getty Images)
WASHINGTON, DC - DECEMBER 10: U.S. President Barack Obama, with bags slung over his shoulders, delivers toys and gifts donated by Executive Office of the President staff to the Marine Corps Reserve Toys for Tots Program at Joint Base Anacostia-Bolling December 10, 2014 in Washington, DC. For 67 years the Toys for Tots program has worked with local communities to collect and distribute toys and gifts for less fortunate children throughout the United States. (Photo by Chip Somodevilla/Getty Images)
WASHINGTON, DC - DECEMBER 10: U.S. President Barack Obama holds six-month-old William Gettle after he and first lady Michelle Obama delivered toys and gifts donated by Executive Office of the President staff to the Marine Corps Reserve Toys for Tots Program at Joint Base Anacostia-Bolling December 10, 2014 in Washington, DC. For 67 years the Toys for Tots program has worked with local communities to collect and distribute toys and gifts for less fortunate children throughout the United States. (Photo by Chip Somodevilla/Getty Images)
WASHINGTON, DC - DECEMBER 10: US President Barack Obama (L) sets down bags of toys as he and first lady Michelle Obama deliver gifts donated by Executive Office of the President staff to the Marine Corps Reserve Toys for Tots Program at Joint Base Anacostia-Bolling December 10, 2014 in Washington, DC. For 67 years the Toys for Tots program has worked with local communities to collect and distribute toys and gifts for less fortunate children throughout the United States. (Photo by Chip Somodevilla/Getty Images)
WASHINGTON, DC - DECEMBER 10: U.S. President Barack Obama sorts toys and gifts donated by Executive Office of the President staff to the Marine Corps Reserve Toys for Tots Program at Joint Base Anacostia-Bolling on December 10, 2014 in Washington, DC. For 67 years the Toys for Tots program has worked with local communities to collect and distribute toys and gifts for less fortunate children throughout the United States. (Photo by Chip Somodevilla/Getty Images)
WASHINGTON, DC - DECEMBER 10: U.S. President Barack Obama speaks during the White House Summit on Early Education at the South Court Auditorium at Eisenhower Executive Office Building December 10, 2014 in Washington, DC. President Obama spoke on the expansion of high-quality early education opportunities for children across the country from birth through school entry. (Photo by Alex Wong/Getty Images)
US President Barack Obama hugs Alajah Lane, 9, after she introduced him at a White House Summit on early childhood education on December 10, 2014 in the South Court Auditorium of the Eisenhower Executive Office Building, next to the White House in Washington, DC. AFP PHOTO/MANDEL NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
US President Barack Obama speaks with Lilia and Carlos Yepez, owners of La Hacienda Mexican restaurant in Nashville on December 9, 2014 before ordering food after he spoke on his executive actions on immigration at the Casa Azafran, a community center and home to a number of immigrant-related nonprofit organizations. Obama's controversial overhaul provides three-year relief for millions of undocumented people who have lived in the country for more than five years and have children that are US citizens or legal residents. AFP PHOTO/Nicholas KAMM (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)
US President Barack Obama takes a question after speaking about his recent executive actions on immigration on December 9, 2014 at the Casa Azafran, a community center and home to a number of immigrant-related nonprofit organizations, in Nashville, Tennessee. Obama's controversial overhaul provides three-year relief for millions of undocumented people who have lived in the country for more than five years and have children that are US citizens or legal residents. AFP PHOTO/NICHOLAS KAMM (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)
US President Barack Obama hugs Lilia and Carlos Yepez, owners of La Hacienda Mexican restaurant in Nashville on December 9, 2014 before ordering food after he spoke on his executive actions on immigration at the Casa Azafran, a community center and home to a number of immigrant-related nonprofit organizations. Obama's controversial overhaul provides three-year relief for millions of undocumented people who have lived in the country for more than five years and have children that are US citizens or legal residents. AFP PHOTO/Nicholas KAMM (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)
President Obama addresses community leaders at the Copernicus Community Center in Chicago to discuss executive actions he took on immigration, Tuesday, Nov. 25, 2014. (E. Jason Wambsgans/Chicago Tribune/TNS via Getty Images)
Immigration protesters disrupt President Obama's speech to community leaders at the Copernicus Community Center to discuss executive actions he took on immigration, Tuesday, Nov. 25, 2014. (E. Jason Wambsgans/Chicago Tribune/TNS via Getty Images)
President Obama addresses community leaders at the Copernicus Community Center in Chicago to discuss executive actions he took on immigration, Tuesday, Nov. 25, 2014. (E. Jason Wambsgans/Chicago Tribune/TNS via Getty Images)
CHICAGO, IL - NOVEMBER 25: U.S. President Barack Obama speaks at the Copernicus Community Center on November 25, 2014 in Chicago, Illinois. Obama discussed the executive actions he is taking to address the country's immigration system. (Photo by John Gress/Getty Images)
US President Barack Obama speaks on immigration reform at the Copernicus Community Center on November 25, 2014 in Chicago. AFP PHOTO/Mandel NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
A protestor holds up a banner as a guest beside her reaches to pull it away as US President Barack Obama speaks on immigration reform at the Copernicus Community Center on November 25, 2014 in Chicago. AFP PHOTO/Mandel NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
US President Barack Obama speaks on immigration reform at the Copernicus Community Center on November 25, 2014 in Chicago. AFP PHOTO/Mandel NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
US President Barack Obama speaks on immigration reform at the Copernicus Community Center on November 25, 2014 in Chicago. AFP PHOTO/Mandel NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
US President Barack Obama arrives on stage to speak on immigration reform at the Copernicus Community Center on November 25, 2014 in Chicago. AFP PHOTO/Mandel NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
A protestor holds up a banner as a guest beside her reaches to pull it away as US President Barack Obama speaks on immigration reform at the Copernicus Community Center on November 25, 2014 in Chicago. AFP PHOTO/Mandel NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
US President Barack Obama speaks on immigration reform at the Copernicus Community Center on November 25, 2014 in Chicago. AFP PHOTO/Mandel NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
President Barack Obama addresses the crowd on issues surrounding the protests in Ferguson, Mo., after meeting with community leaders about the executive actions he is taking to fix the immigration system Tuesday, Nov. 25, 2014, in Chicago. (AP Photo/Charles Rex Arbogast)
A woman interrupts President Barack Obama's addresses after Obama met with community leaders about the executive actions he is taking to fix the immigration system Tuesday, Nov. 25, 2014, in Chicago. (AP Photo/Charles Rex Arbogast)
WASHINGTON, DC - NOVEMBER 20: U.S. President Barack Obama announces executive actions on U.S. immigration policy during a nationally televised address from the White House, November 20, 2014 in Washington, DC. Obama outlined a plan on Thursday to ease the threat of deportation for about 4.7 million undocumented immigrants. (Photo by Jim Bourg-Pool/Getty Images)
US President Barack Obama is seen on screens in the White House briefing room during a televised address to the nation November 20, 2014 in Washington, DC on immigration reform. AFP PHOTO/Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)
President Barack Obama walks in the Cross Hall of the White House in Washington, Thursday, Nov. 20, 2014, to award the National Medals of Science and National Medals of Technology and Innovation. The awards are the highest honor bestowed by the USs Government upon scientists, engineers, and inventors. (AP Photo/Pablo Martinez Monsivais)
President Barack Obama gives a 'thumbs-up' after awarding the National Medals of Science and National Medals of Technology and Innovation, Thursday, Nov. 20, 2014, in the East Room of the White House in Washington. On Thursday night, the president is poised to level broad authority to grant work permits to millions of immigrants living illegally in the US and to protect them from deportation, but the plan would leave the fate of millions more still unresolved. Republicans vowed an all-out fight against it. (AP Photo/Pablo Martinez Monsivais)
WASHINGTON, DC - NOVEMBER 20: U.S. President Barack Obama delivers remarks while honoring the newest recipients of the National Medal of Science and the National Medal of Technology and Innovation in the East Room of the White House November 20, 2014 in Washington, DC. The medals are the highest honors bestowed by the United States Government for achievements in science, technology, and innovation. (Photo by Chip Somodevilla/Getty Images)
WASHINGTON, DC - NOVEMBER 20: U.S. President Barack Obama delivers remarks while honoring the newest recipients of the National Medal of Science and the National Medal of Technology and Innovation in the East Room of the White House November 20, 2014 in Washington, DC. The medals are the highest honors bestowed by the United States Government for achievements in science, technology, and innovation. (Photo by Chip Somodevilla/Getty Images)
John Schiller (L), of the National Institutes of Health's National Cancer Institute, watches as Douglas Lowy (C), of the National Institutes of Health's National Cancer Institute, is presented the National Medal of Technology and Innovation by US President Barack Obama for their work on the HPV vaccine during a ceremony in the East Room of the White House November 20, 2014 in Washington, DC. President Obama awarded the National Medal of Technology and Innovation to nine people and the National Medal of Science to ten others. The National Medal of Scientists honors individuals for their outstanding contributions in fields such as biology, physics, and math. The National Medal of Technology and Innovation honors the Nations visionary thinkers whose creativity and intellect have made a lasting impact on the US and its workforce. AFP PHOTO/Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)
WASHINGTON, DC - NOVEMBER 20: U.S. President Barack Obama delivers remarks while honoring the newest recipients of the National Medal of Science and the National Medal of Technology and Innovation in the East Room of the White House November 20, 2014 in Washington, DC. The medals are the highest honors bestowed by the United States Government for achievements in science, technology, and innovation. (Photo by Chip Somodevilla/Getty Images)
The White House is seen at dusk in Washington, Wednesday, Nov. 19, 2014. President Barack Obama on Thursday is expected to announce steps he will take to shield up to 5 million immigrants illegally in the United States from deportation. (AP Photo/Jacquelyn Martin)
The National Medals of Science are set out on a table in the East Room of the White House in Washington, Thursday, Nov. 20, 2014, before a ceremony where President Barack Obama will award the highest honor bestowed by the US Government upon scientists, engineers, and inventors. (AP Photo/Pablo Martinez Monsivais)
WASHINGTON, DC - NOVEMBER 20: U.S. President Barack Obama delivers remarks while honoring the newest recipients of the National Medal of Science and the National Medal of Technology and Innovation in the East Room of the White House November 20, 2014 in Washington, DC. The medals are the highest honors bestowed by the United States Government for achievements in science, technology, and innovation. (Photo by Chip Somodevilla/Getty Images)
Eli Harari, of the SanDisk Corporation, pumps his fists while being awarded the National Medal of Technology and Innovation by US President Barack Obama (C) during a ceremony in the East Room of the White House November 20, 2014 in Washington, DC. Obama awarded the National Medal of Technology and Innovation to nine people and the National Medal of Science to ten others. The National Medal of Scientists honors individuals for their outstanding contributions in fields such as biology, physics, and math. The National Medal of Technology and Innovation honors the Nations visionary thinkers whose creativity and intellect have made a lasting impact on the US and its workforce. AFP PHOTO/Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)
US President Barack Obama pause while he speaks during a ceremony in the East Room of the White House November 20, 2014 in Washington, DC. Obama awarded the National Medal of Technology and Innovation to nine people and the National Medal of Science to ten others. The National Medal of Scientists honors individuals for their outstanding contributions in fields such as biology, physics, and math. The National Medal of Technology and Innovation honors the Nations visionary thinkers whose creativity and intellect have made a lasting impact on the US and its workforce. AFP PHOTO/Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)
John Schiller (L) and Douglas Lowy (2L) wait to be presented the National Medal of Technology and Innovation by US President Barack Obama (2ndR) during a ceremony in the East Room of the White House November 20, 2014 in Washington, DC. Obama awarded the National Medal of Technology and Innovation to nine people and the National Medal of Science to ten others. The National Medal of Scientists honors individuals for their outstanding contributions in fields such as biology, physics, and math. The National Medal of Technology and Innovation honors the Nations visionary thinkers whose creativity and intellect have made a lasting impact on the US and its workforce. AFP PHOTO/Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)
Douglas Lowy (L), of the National Institutes of Health's National Cancer Institute, watches as John Schiller (C), of the National Institutes of Health's National Cancer Institute, is presented the National Medal of Technology and Innovation by US President Barack Obama for their work on the HPV vaccine during a ceremony in the East Room of the White House November 20, 2014 in Washington, DC. President Obama awarded the National Medal of Technology and Innovation to nine people and the National Medal of Science to ten others. The National Medal of Scientists honors individuals for their outstanding contributions in fields such as biology, physics, and math. The National Medal of Technology and Innovation honors the Nations visionary thinkers whose creativity and intellect have made a lasting impact on the US and its workforce. AFP PHOTO/Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)
US President Barack Obama speaks during a ceremony in the East Room of the White House November 20, 2014 in Washington, DC. Obama awarded the National Medal of Technology and Innovation to nine people and the National Medal of Science to ten others. The National Medal of Scientists honors individuals for their outstanding contributions in fields such as biology, physics, and math. The National Medal of Technology and Innovation honors the Nations visionary thinkers whose creativity and intellect have made a lasting impact on the US and its workforce. AFP PHOTO/Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)
US President Barack Obama pauses while speaking during a ceremony in the East Room of the White House November 20, 2014 in Washington, DC. Obama awarded the National Medal of Technology and Innovation to nine people and the National Medal of Science to ten others. The National Medal of Scientists honors individuals for their outstanding contributions in fields such as biology, physics, and math. The National Medal of Technology and Innovation honors the Nations visionary thinkers whose creativity and intellect have made a lasting impact on the United States and its workforce. AFP PHOTO/Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)
President Barack Obama speaks in the Roosevelt Room of the White House in Washington, Tuesday, Nov. 18, 2014. Confronted by terrorists beheading Americans, President Barack Obama has ordered a review of how the United States responds when citizens are taken hostage overseas.(AP Photo/Pablo Martinez Monsivais)
WASHINGTON, DC - NOVEMBER 20: U.S. President Barack Obama delivers remarks while honoring the newest recipients of the National Medal of Science and the National Medal of Technology and Innovation in the East Room of the White House November 20, 2014 in Washington, DC. The medals are the highest honors bestowed by the United States Government for achievements in science, technology, and innovation. (Photo by Chip Somodevilla/Getty Images)
WASHINGTON, DC - NOVEMBER 20: Eli Harari of the SanDisk Corporation (L) thrusts his fist in the air before U.S. President Barack Obama presents him with the National Medal of Technology and Innovation in the East Room of the White House November 20, 2014 in Washington, DC. According to the White House, Harari was awarded the medal 'for invention and commercialization of Flash storage technology to enable ubiquitous data in consumer electronics, mobile computing, and enterprise storage.' The medals are the highest honors bestowed by the United States Government for achievements in science, technology, and innovation. (Photo by Chip Somodevilla/Getty Images)
President Barack Obama awards the National Medal of Technology and Innovation to Eli Harari, from SanDisk Corporation, Thursday, Nov. 20, 2014, during a ceremony in the East Room of the White House in Washington. The awards are the highest honor bestowed by the United States Government upon scientists, engineers, and inventors. (AP Photo/Pablo Martinez Monsivais)
Eli Harari, of SanDisk Corporation, left, reacts before being awarded the National Medal of Technology and Innovation by President Barack Obama, during a ceremony in the East Room of the White House in Washington, Thursday, Nov. 20, 2014. The awards are the highest honor bestowed by the United States Government upon scientists, engineers, and inventors. (AP Photo/Evan Vucci)
President Barack Obama waves from Air Force One as he arrives from Brisbane, Australia, by way of Hawaii, Sunday, Nov. 16, 2014, at Andrews Air Force Base, Md. (AP Photo/Pablo Martinez Monsivais)
President Barack Obama salutes as he steps from Marine One onto the South Lawn of the White House, in Washington, Sunday, Nov. 16, 2014, as he arrives from Brisbane, Australia, by way of Hawaii and Andrews Air Force Base, Md. (AP Photo/Carolyn Kaster)
President Barack Obama walks across the South Lawn to the White House in Washington, Sunday, Nov. 16, 2014, as he arrives from Brisbane, Australia, by way of Hawaii and Andrews Air Force Base, Md. (AP Photo/Carolyn Kaster)
President Barack Obama awards the National Medal of Science to Thomas Kailath, from Stanford University, Thursday, Nov. 20, 2014, during a ceremony in the East Room of the White House in Washington. The awards are the highest honor bestowed by the United States Government upon scientists, engineers, and inventors. (AP Photo/Pablo Martinez Monsivais)
President Barack Obama gestures as he speaks during the ‘ConnectED to the Future’ event in the East Room of the White House in Washington, Wednesday, Nov. 19, 2014. The conference is with superintendents and other educators from across the country who are leading their schools and districts in the transition to digital learning. (AP Photo/Carolyn Kaster)
Robert Axelrod, of the University of Michigan shakes hands with President Barack Obama after receiving the National Medal of Science during a ceremony in the East Room of the White House in Washington, Thursday, Nov. 20, 2014. The awards are the highest honor bestowed by the United States Government upon scientists, engineers, and inventors. (AP Photo/Evan Vucci)
President Barack Obama signs the Child Care and Development Block Grant Act of 2014 into law, Wednesday, Nov. 19, 2014, in the Oval Office of the White House in Washington. At left is Rep. Barbara Mikulski, D-Md. (AP Photo/Pablo Martinez Monsivais)
U.S. President Barak Obama speaks to the media during a press conference at the end of the G-20 summit in Brisbane, Australia, Sunday, Nov. 16, 2014.(AP Photo/Rob Griffith)
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WASHINGTON (AP) -- President Barack Obama is sending Congress a $4 trillion budget Monday that seeks to raise taxes on wealthier Americans and corporations and use the extra income to lift the fortunes of families who have felt squeezed during tough economic times.

He would also ease tight budget constraints imposed on the military and domestic programs back in 2011, and unveils new initiatives including an ambitious $478 billion public works program for highway, bridge and transit upgrades.

Even before the massive budget books landed on lawmakers' desks, Republicans were on the attack, accusing the president of seeking to revert to tax-and-spend policies that will harm the economy while failing to do anything about the budget's biggest problem - soaring spending on government benefit programs.

Obama's fiscal blueprint, for the budget year that begins Oct. 1, proposes spending $4 trillion - $3.99 trillion before rounding - and projects revenues of $3.53 trillion, according to budget documents obtained by The Associated Press.

That would leave a deficit of $474 billion. Obama's budget plan never reaches balance over the next decade and projects that the deficit would rise to $687 billion in 2025.

The administration contends that various spending cuts and tax increases would trim the deficits by about $1.8 trillion over the next decade, leaving the red ink at manageable levels.

Congressional Republicans say the budgets they produce will achieve balance and will attack costly benefit programs like Social Security, Medicare and Medicaid.

GOP Rep. Paul Ryan, the new chairman of the tax-writing House Ways and Means Committee, accused the president of exploiting "envy economics." Interviewed on NBC's "Meet the Press," Ryan said, "This top-down redistribution doesn't work."

Obama, interviewed by NBC before the start of Sunday's Super Bowl game, said he believed there were areas where he can work with Republicans, who for the first time in his presidency control both houses of Congress.

"My job is not to trim my sails and not tell the American people what we should be doing, pretending somehow we don't need better roads, that we don't need more affordable college," Obama said.

Obama's budget emphasizes the same themes as his State of the Union address last month, when he challenged Congress to work with him on narrowing the income gap between the very wealthy and everyone else.

While Republicans have let it be known that they have very different ideas about budget and tax priorities, Democrats voiced support for Obama.

"If we are serious about rebuilding the disappearing middle class we need a budget which creates millions of decent-paying jobs, raises wages, makes college affordable and demands that the wealthiest people and most profitable corporations start paying their fair share of taxes," said Sen. Bernie Sanders, an independent who often votes with Democrats and is the ranking member of the Senate Budget Committee.

Obama's six-year $478 billion public works program would provide upgrades for the nation's highways, bridges and transit systems, in an effort to tap into bipartisan support for spending on badly needed repairs.

Half of that money would come from a one-time mandatory tax on profits that U.S. companies have amassed overseas that would be set at 14 percent.

Higher taxes on the wealthy and on fees paid by the largest financial institutions would help raise $320 billion over 10 years, which Obama would use to provide low- and middle-class tax breaks.

His proposals: a credit of up to $500 for two-income families, a boost in the child care tax credit to up to $3,000 per child under age 5, and overhauling breaks that help pay for college.

Obama also is calling for a $60 billion program for free community college for qualified students and an $80 billion child care initiative.

Obama's budget will propose easing painful, automatic cuts to the Pentagon and domestic agencies with a 7 percent increase in annual appropriations. For 2016, he wants a $38 billion increase for the Pentagon, a proposal many Republicans support.

But his demand for a nearly equal amount for domestic programs sets up a showdown that may not be resolved until late in the year.

Another centerpiece of the president's tax proposal is an increase in the capital gains rate on couples making more than $500,000 per year. The rate would climb from 23.8 percent to 28 percent.

Obama wants to require estates to pay capital gains taxes on securities at the time they are inherited. He also is trying to impose a 0.07 percent fee on the roughly 100 U.S. financial companies with assets of more than $50 billion.

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