While many Americans are celebrating Fat Tuesday in anticipation of the season of Lent that begins tomorrow, the President has dropped a brand new “fat” budget proposal for fiscal year 2015.

Heritage Foundation experts have begun digging into the proposal, and they’re documenting the increases in federal involvement and spending. Not only would Obama’s budget add $55 billion in reported additional spending in 2015, it also includes about $1.2 trillion in tax increases.

For a full dissection of the President’s budget, read the live blog here and visit The Foundry tomorrow morning for an infographic guide to the budget.