Posted on 01/18/2015 8:32:38 AM PST by SeekAndFind
President Obama will call for higher taxes on the wealthy and large financial institutions in his State of the Union address on Tuesday.
Obama will propose that the $320 billion in tax hikes be used to pay for tax cuts for the middle class, as well as a range of programs, the White House said Saturday.
His plan would generate $320 billion over 10 years by raising the capital gains and dividends rate to 28 percent — the same rate under President Reagan, White House officials point out — on inherited assets, such as trust funds.
The proposal calls for raising the base capital gains rate to 24.2 percent from 20 percent. The 3.8 percent Medicare surcharge pushes that level to 28 percent total, White House officials said, up from 23.8 percent. The plan would affect couples with incomes of at least $500,000 a year.
(Excerpt) Read more at thehill.com ...
We should tax 0 at 200% of his income for us having to suffer him as pResident.
There is no middle class anymore. Just slaves of the State. We are working under a dictatorship using existing laws.
it’s the same old song........
Checked the state or federal payroll lately ?
Karl Marx HATED the middle class.
He didn’t have a single idea to help the middle class.
So now I’m listening to Obama tell me that we need all these Marxist ideas to help the middle class - and the middle class idiots around me all love his ideas.
Never underestimate the power of stupid people in large numbers.
....he’s going to raise our taxes so he can cut them?
John Maynard Keynes didn’t seem to like the middle class either , he also recommended taking on deficits to solve a recession.
Same old class warfare garbage. The guy is a utterly predictable. Why it’s not used against him more is baffling to me.
*
Tax the people who pay the middle class- what a great deal for the middle class!
Black against white, rich against poor, women against men, gay against straight, moslem against jew,...why not start inciting the squeezed middle-class to hate the rich too? ...so the first f*king communist president can keep the democrat Marxist ball rolling? F*king puke of a POTUS.
He’s just throwing stuff out at random to keep the Pubes in reaction mode so they’ll keep their hands off Obamacare, amnesty, etc. It works too. The Republicans are useless.
I had a debate of sorts recently with a black, and he sincerely believes that Obama’s going to use an EO to give “reparations” to all blacks. It seems that many believe this, so they’re holding off on doing anything to improve themselves, instead they’re simply waiting for the riches they believe will be coming their way.
However, given The Boehner/McConnell Track record...
Obama doesn't need Congress to enact laws.
This appears to be some sort of Obama-DNC Triangulation Tactic.
That's a fact. So the revenue would go into a)the regime's slush fund and b)welfare programs to keep the proletariat on the plantation, if I might mix metaphors.
Obama's gonna work with McConnell and Boner to increase fairness
Tax increases NOW in exchange for promised benefits later
Inevitable falling-out and blame-casting on evil Republicans
Lucy and football reference
Man-with-headache "Not This S**t Again" picture post
YAWN
Think I'll go outside for a while
Rino’s will make the appropriate amount of noise before surrendering to obama’s will, it is most evident they do after all have the same agenda.
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