(FOXNEWS) — President Obama is sending Congress an ambitious budget plan Monday that includes a half-trillion-dollar public works program and an array of tax increases meant to fund a host of other agenda items -- in what Republicans are ripping as a tax-and-spend document that does little to restrain the soaring $18 trillion debt.
The president's $4 trillion budget hinges on what Obama calls "middle-class economics," seeking tax breaks for many Americans while imposing increases on top earners, corporations and particularly the financial sector.
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But House Ways and Means Committee Chairman Paul Ryan has accused the president of exploiting "envy economics."
