The White House has unveiled its proposed budget for the next fiscal year. The $3.9 trillion measure includes a reduction of tax breaks for wealthy Americans and corporations, which Republicans have vowed to oppose. It also targets low-income workers under the age of 25 for additional benefits, including an expansion of earned income tax credits. Speaking at a Washington, D.C. elementary school, President Obama said his budget reflects a commitment to tackling inequality.

President Obama: “At a time when our deficits are falling at the fastest rate in 60 years, we’ve got to decide if we’re going to keep squeezing the middle class or if we’re going to continue to reduce the deficits responsibly while taking steps to grow and strengthen the middle class. The American people have made clear time and again which approach they prefer. That’s the approach that my budget offers. That’s why I’m gong to fight for it this year and in the years to come as president.”