Obama proposing $4 trillion budget . . . President Barack Obama on Monday proposed a $3.99 trillion budget for fiscal year 2016 that sets up a battle with Republicans over programs to boost the middle class that are funded by higher taxes on corporations and wealthy Americans. The budget foresees a $474 billion deficit, which is 2.5 percent of U.S. gross domestic product. It projects deficits stabilizing at that rate over a 10-year period, senior administration officials said. Reuters
Obama’s “have it all” budget . . . Obama releases a $4 trillion budget Monday designed to convince Americans that they can have it all: more tax breaks for the middle class, more spending on government programs, and just enough cuts and tax hikes to keep the nation’s deficits under control. To pay for it, Obama proposes raising a number of taxes on wealthy taxpayers or businesses — revenue measures that have already been dismissed as nonstarters by the Republican Congress. Politico
Budget taxes companies to build roads . . . Obama will propose a six-year, $478 billion public-works program for highway, bridge and transit upgrades, with half of it to be financed with a one-time, 14 percent tax on U.S. companies’ overseas profits. Fox News
Michelle lauds Hollywood for promoting gay marriage . . . Speaking to a group of television and screenwriters in Washington, D.C., on Friday, First Lady Michelle Obama praised the movie and television industry in the United States for promoting same-sex marriage. CNS News
Obama lacks strategy to stop ISIS . . . On the one-year anniversary of its initial thrust into western Iraq, the Islamic State, also known as ISIL and ISIS, has claimed the creation of new cells in Libya, Egypt and Saudi Arabia. It also has boasted of new alliances, such as with al Qaeda in the Arabian Peninsula, which is determined to attack inside America. Washington Times
Walker open to sending troops to combat ISIS . . . Walker said Sunday he is open to sending U.S. troops to the Middle East to defeat Islamic State fighters — a bold foreign policy statement in contrast with the Obama administration’s position. Fox News
Clinton said to arm Libyans with suspect al-Qaeda ties . . . Libyan officials were deeply concerned in 2011, as Secretary of State Hillary Rodham Clinton was trying to remove Moammar Gadhafi from power, that weapons were being funneled to NATO-backed rebels with ties to al Qaeda, fearing that well-armed insurgents could create a safe haven for terrorists, according to secret intelligence reports obtained by The Washington Times.