Why does he propose anything? He has his pen and his phone...he should simply act when congress fails to.
There is no such thing as a “trust fund loophole”.
I googled all of the articles regarding this, thinking that they might be talking about ending the stepped up cost basis on appreciated stock.
Nothing.
Much like everything else, this is just agenda advancing by press release.
The only interesting thing about this year’s State of the Union address will be to see which Republicans are foolish enough to applaud anything Obama says.
The Democrats lost in a landslide in November because they had supported Obama’s proposals, so the last thing any Congress member — Republican or Democrat — should want is to be seen cheering him on on national television.
On the other hand, nothing the president says will be interesting, since he’s a lame duck whose party controls neither house of Congress, and the Democrats’ two Congressional leaders — Harry Reid and Nancy Pelosi — are too incapacitated by physical problems — Harry might lose an eye and Nancy has already lost much of her mind — to get anything done.
hell pass one law, and enforce a completely different law that he makes up at one of his legislative press conferences from whence he promulgates new law.
Perhaps the people of the middle class should learn a trade/skill and wait until they go to college, to find out if they even NEED college to do what they want to do. After all, too many people are going to college and behaving like they’re heirs and heiresses. By that I mean they feel entitled to have a job waiting for them instead of learning something useful, practical, and working through their twenties and avoiding debt. If they learned something like welding or perhaps how to make cars, they would be able to go anywhere with that, see the world, enjoy the debt free existence and end up going to college/university in their early thirties and meeting a mate there.
In the past, being middle class meant learning a trade/skill and they would be able to end up making a real living. Being idle before, after school and a little while before marriage was reserved for the idle rich.
The democrat party- the party of chaos, division, hatred, and bitterness. The party of darkness and despair.
Upward mobility has only decreased under his Democrat Economic Policies.
Taxes for the middle class are not the issue.
The issue is cronyism. A man made rich by a solyndra deal doesn’t care what his taxes are. The issue for him is what he keeps after the deal is done.
Obama Seeks To Reduce Middle Class. (fixed it)
“$hit Sucks!” - Dwayne Elizondo Mountain Dew Herbert Camacho.
So I guess we raise taxes!
More class warfare and random divide and conquer Marxism, i.e. eyewash for the low info. voters and media pundits to spin.
Only good thing about it is that it just might get the GOP leadership off their butts to pass some reasonable tax reform.
Will some Presidential hopefuls take the bait? Does it lead anywhere but a media minefield?
I won’t even read this but I did read another article about it and it says this is a middle class tax increase to redistribute the wealth.
Obama to end Obamacare?
I am of the opinion that at least two changes need to happen to the tax code.
- Alternative Minimum Tax - require each and every tax payer to pay a minimum of 5%.
- Alternative Maximum Tax - allow any taxpayer who’s net tax rate exceeds 25% to pay only that 25%. Allow those that do not wish to disclose the details of their finances to pay the 25% on a simple tax form.