Posted on 01/18/2015 8:04:18 AM PST by EagleUSA
President Obama plans to call for billions in tax increases on top earners – including a hike in investment tax rates -- in order to fund new tax credits and other measures the White House claims will help the middle class.
The president's proposals, which also include eliminating a tax break on inheritances, are likely to be cheered by the Democratic Party's liberal base when they are announced Tuesday night in his State of the Union address. However, the tax increases are all but certain to be non-starters with the new Republican majority on Capitol Hill.
The president's address -- his first to a Republican-led Congress -- will call for $320 billion in tax increases over 10 years. Aside from funding new tax credits including a tax credit for working families and expanding the child care tax credit, the White House says that money would go to funding measures to make college more afforable and accessible, including the president’s recently announced plan to make community college free for many students.
(Excerpt) Read more at foxnews.com ...
Anything and everything to destroy jobs and the American economy.
Speaking in front of both houses is by invitation. Uninvite him.
Obama utters the words “tax increases” easily but can never seem to say “Islamic terrorism”. Sums up his Presidency nicely.
Tax and Spend that is all the Democratic Party understands.
I want to see the puke issue an executive order for new taxes.
“If congress doesn’t act, I will.”
This guy has crossed the Rubicon and it’s about time that he goes to prison.
I think I just read that Republicans are putting together a bill that completely eliminates the inheritance tax.
He knows it’s DOA.
This is an attempt to stop any meaningful tax reform.
No doubt Bonehead and McConnell will help Obama out.
Oh My , 2 more years of Obama Verbal Regurgitation
More free stuff for the masses. Yippee!
Except it’s not free. Somebody has to pay for it.
With Boehner and McConnell’s performance lately, I wouldn’t be surprised if they both came out in blackface, together, saying, “YES, Massah! RIGHT AWAY, Massah!”
MORE CLASS WARFARE
NEVER ENOUGH FREEBIES FOR THE MARXISTS, ALWAYS MORE.
CLASS WARFARE IS A TWO WAY STREET
KILL THE POOR
Incorrect. They also understand bans, control, national surrender and civilian death.
On Tuesday’s Mark Levin Show: Mark says that Congress needs to put together a Resolution explaining that because President Obama is going outside his Constitutional rights, and conducting himself in an Unconstitutional way, that the House rejects his acts and thus they are void. We will not stand for an Imperial President that uses powers that are not granted to him in the Constitution.
Whenever taxes are raised regardless where, ALWAYS_ALWAYS effect the middle class.
The poor are already poor and the VERY wealthy will just get another—wink ,nod—loophole created by new tax raise bill.
Is this an infidel tax?
These islamic leaders really hate us.
Congress needs to pass a bill forcing politicians to fund their goofy ideas and programs out of their own pockets. It’s their BIG government. THEY should pay for it.
From those that have/will to those that don’t/won’t. Just because it’s not fair that some people have the desire to better their lives and others are living up to Directive 10-289. Ain’t mediocrity great? Makers and takers. Before long, the makers are gonna quit makin’.
You have to hand it to him. He's doing a great job.
There's one thing we can learn from the commie. Keep the pedal to the metal at all times. It keeps your opponents on the defensive.
Ted Cruz is the only candidate who is capable of it.
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