President Barack Obama will unveil his eighth and final budget today.

The President will lay out his spending proposals for national priorities like fighting Isis and cancer research.

It’s a $4 trillion-plus proposal that calls for a $10-per-barrel tax hike on oil and is also likely to increase taxes on the wealthy and corporations, all which Republicans already have rejected.

(Copyright (c) 2016 Sunbeam Television. The Associated Press contributed to this report. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

Join our Newsletter for the latest news right to your inbox