President Obama will use Tuesday’s State of the Union address to call on the Republican-led Congress to increase taxes on the wealthiest Americans, largely by making it more expensive to inherit money and cutting back on investment profits. That money then would be used in an array of programs designed to help out the middle class in what amounts to a bid to reform the tax code in a way that most helps working families, the White House said on Saturday. The new initiatives to help the middle class include a tripling of the child-care tax credit as well as a new tax credit for families in which both spouses work, reports the Wall Street Journal. Plus there’s a program to increase private retirement savings and the previously announced plan to make two years of community college free.
full: http://www.slate.com/blogs/the_slatest/2015/01/17/state_of_the_union_obama_wants_to_increase_taxes_on_wealthiest_to_finance.html So fucking cynical. Obama knows that such a tax bill will never be enacted so he can pick up some brownie points from the Nation Magazine about how he is redeeming himself even if it was an empty gesture. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
