Obama wants tax increases on the wealthy to help middle class families

Monday, January 19th 2015 - 07:19 UTC

Full article 4 comments

President Obama is to use Tuesday's State of the Union speech to call for tax increases on the wealthy to help the middle class, officials say. The proposals would raise 320 billion dollars over a decade, to fund benefits such as tax credits. Read full article

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ChrisR
I don't think his speech will go down too well!
Jan 19th, 2015 - 07:24 pm - Link - Report abuse 0
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Enrique Massot
This is a pinko plot:
“...the increase in capitals gains taxes, likely to be resisted by many Republicans, returns the rate to what it was under President Ronald Reagan in the 1980s.”
How naive I was. So many years later I discover Ronald Reagan was a socialist in disguise!
Or has greedy capitalism been growing increasingly its share of the pie through the years?
Jan 20th, 2015 - 02:20 am - Link - Report abuse 0
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Hepatia
I think Orin Hatch needs to identify which period of recent US history he is referring to when he says, “Slapping American small businesses, savers, and investors with more tax hikes only negates the benefits of the tax policies that have been successful in helping to expand the economy, promote savings, and create jobs.”
Jan 20th, 2015 - 02:29 am - Link - Report abuse 0
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yankeeboy
It will never happen, the US Congress is going to do a massive overhaul of the tax code.
Nobody cares what Obama says anyway. He's a lame duck and irrelevant.
All we have to do now is make sure he doesn't overstep his authority.
and they will.
Jan 20th, 2015 - 02:11 pm - Link - Report abuse 0
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