Obama's Final Budget: Tax the Banks

President Obama’s proposed $4 trillion budget for 2017 would pour billions into education, clean energy, and Medicaid by increasing taxes on big banks and America’s wealthiest citizens. The proposal reads like “a grab-bag of Democratic priorities,” as Politico reports, and includes hundreds of billions of dollars in new taxes on capital gains and a newly imposed “Buffett Rule,” which requires the wealthies to pay upward of 30 percent in income taxes. News also broke this week that the plan includes $11 billion over the next ten years to help end family homelessness.