Obama's Unveiling of Spending Plan

http://www.washingtonpost.com/business/economy/obama-to-unveil-377-trillion-spending-plan/2013/04/10/843adef4-a18d-11e2-82bc-511538ae90a4_story.html?hpid=z1

Obama is set to present his new spending plan on Wednesday morning at 11:00 AM. This $3.7 trillion spending plan will include large new taxes on the wealthy and reformations of Social Security and Medicare. Most Republicans  are shown not to be in favor of this large spending plan, due to the increases in spending and deficit. President Obama says this plan will initially increase the gap between spending and the deficit but this gap with eventually become smaller in future years. The plan also calls for many infrastructure innovations, that will be covered with new taxes. While this plan is aiming to please both parties, right now it seems doubtful that it will do so.