Beltway Confidential

Obama’s last budget, in six graphs

By Jason Russell

Published February 10, 2016 6:47pm ET

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Obama’s last budget, in six graphs — The federal government will collect more tax dollars in 2016 than it has ever before: $3.3 trillion. Under Obama's budget, that would rise to a new record high: $4.6 trillion. (AP Photo)

President Obama’s annual budget proposal was released Tuesday. It was the first time in history a president proposed a budget that would spend more than $4 trillion in a fiscal year. Congress is unlikely to accept the budget as proposed, but here are details on the budget in six graphs.

Record-high Taxes

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Barack Obama Budgets and Deficits Commentary Jason Russell Minusextra Taxes Treasury Department