Details About Obama’s $3.99 Trillion Budget for 2016

More details have emerged from the White House regarding the 2016 federal budget, which is estimated at $3.99 trillion.

Those details include allowing Medicare  to get tougher with pharmaceutical companies on prices, ending veteran homelessness, higher taxes on corporations and wealthy individuals to help the middle class.

Officials say that the budget would provide $1.8 trillion in deficit reduction over the next 10 years.  Republicans still would have to sign off on this and will propose their own budget this spring.

ABC’s Mary Bruce joined us from Washington DC.

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