Obama budget includes $2T in tax hikes

Published February 2, 2015 11:32pm ET



[caption id=”attachment_116230″ align=”aligncenter” width=”1024″]President Barack Obama pauses during his State of the Union address before a joint session of Congress on Capitol Hill in Washington, Tuesday, Jan. 20, 2015. Vice President Joe Biden and House Speaker John Boehner of Ohio listen. (AP Photo/J. Scott Applewhite)

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FOX NEWS — President Obama has packed more than 20 new tax increases into his proposed 2016 budget, which Republicans roundly blasted Monday as a tax-and-spend agenda that won’t get their support.

Together, the tax increases total more than $2 trillion over the next decade. The president plans to use much of that to fund new middle-class tax cuts, as well as ambitious spending programs for highway construction, education benefits and more.

Read more at FOX News.