Obama to release $4 trillion-plus budget for 2017

WASHINGTON (AP) — President Barack Obama is releasing his eighth and final budget, a $4 trillion-plus document that’s freighted with liberal policy initiatives and both new and familiar tax hikes — all sent to a dismissive Republican-controlled Congress that simply wants to move on from his presidency.

The budget will be unveiled Tuesday — the same day as the New Hampshire primary. That means the budget is likely to get little attention.

It comes as the deficit, which had been falling over the duration of Obama’s presidency, has begun to creep up.

The White House is countering with a proposed $10 per barrel tax on oil that would finance “clean” transportation projects and is sure to again propose taxes on the wealthy and corporations.