President unveils $3.9 trillion budget

President Obama sent congress his budget plan for next year and it has a steep price tag.

The $3.9 trillion budget would be paid for with spending cuts and increased taxes and includes money for new preschool education programs, job training programs, and major infrastructure projects all over the country.

About $650-billion in the budget would come by limiting tax deductions for the one percent.

"Right now our tax system provides benefits to wealthy individuals who save, even after they've amassed multi-million dollar retirement accounts," said President Obama.

It is a familiar refrain that Democrats will push strongly before November's midterm elections.

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