(Bloomberg) — President Barack Obama will send a $4 trillion budget blueprint to Congress today that would raise taxes on corporations and the nation's top earners, fund major investments in infrastructure and education and stabilize, but not eliminate, the annual budget deficit.
The plan challenges Republicans to make politically thorny choices between defending current tax rates for the wealthy and Obama's proposals to boost spending for the middle class, the Pentagon and companies that build domestic infrastructure.
That's exactly the ground Democrats want to fight on heading into the 2016 elections. Addressing income inequality has become a mantra for Democrats from Obama to 2016 presidential nomination front-runner Hillary Clinton, and some of the Republican contenders have taken up the issue as well.
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