President Barack Obama has proposed a $3.77 trillion budget for 2014 that's already drawing criticism from the left and right. Find out what's inside in this look at Obama's budget by the numbers.
$580 billion -- The amount of revenue Obama's proposed budget aims to raise byclosing tax loopholes for the wealthy, raising taxes and other measures.
$1.8 trillion -- The amount the White House says Obama's proposed budget will reduce the federal deficit by over the next decade.
$200 billion -- The cuts to defense and nondefense programs proposed in Obama's 2014 budget to reduce the federal deficit.
$50 billion -- The amount Obama's budget calls for to repair the nation's highways, bridges, transit systems and airports. The proposed budget would also create a National Infrastructure Bank to bring together public and private capital for important projects.
39.6 percent -- The tax rate investment fund managers could pay on their income under Obama's proposed budget. Right now, that income known as carried interest is taxed as a long-term capital gain rate. Obama wants it taxed as ordinary income.
28 percent -- The percentage Obama wants to cap the value of itemized deductions at. Normally, a taxpayer multiplies their top tax rate by the amount of a deduction to calculate the taxes saved. But Obama's budget would cap that rate at 28 percent, which is below the top two income tax rates.
$1 billion -- The one-time investment proposed by Obama to launch a network of up to 15 manufacturing innovation institutes.
$400 billion -- The proposed cuts to Medicare and other federal health programs, although the cuts would largely affect hospitals and drug companies.
9 percent -- The amount Obama wants to increase nondefense research and development as part of his proposed budget.
$894 -- The amount a senior age 80 could lose in Social Security benefits each year under Obama's budget. Obama wants to change the way the annual cost of living adjustments for Social Security and other federal programs are calculated to reduce the federal deficit.
$600 billion -- The amount of budget cuts proposed by Obama that would affect non-health spending on things like agricultural subsidies and unemployment insurance.
$1 million -- Under Obama's budget, any household making more than $1 million a year would pay at least a 30 percent tax rate after charitable deductions in what's known as a "Buffett Rule."
8 million -- The number of children who get health care through the State Children's Health Insurance Program, which was expanded through a federal cigarette tax increase in 2009. Obama is proposing another cigarette tax increase in his 2014 proposed budget, although the exact figure has yet to be released.
Obama released his budget two months late this year, unveiling it after the House and Senate passed separate and very different 2014 budget frameworks. The president's proposal is not expected to fly on Capitol Hill, although it will set an important marker for continuing debt talks with lawmakers, according to CNN. Read more about Obama's proposed budget here.
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