KEY PROPOSALS FROM PRESIDENT OBAMA'S STATE OF THE UNION ADDRESS
- TAX HIKES: Raise the capital gains rate on couples with incomes above $500,000 to 28 percent and eliminate a tax break on inheritances.
- He also proposed anew fee on roughly 100 massive financial firms with assets exceeding $50 billion. The administration estimates these changes would generate $320 billion over a decade.
- TAX BREAKS: Create a $500 tax credit for families with an annual income up to $210,000. Expand the child care credit to up to $3,000 per child under age 5. Offer the Earned Income Tax Credit to childless workers and noncustodial parents.
- RETIREMENT SAVINGS: Boost retirement savings by automatically enrolling people without access to a workplace retirement plan in an Individual Retirement Account.
- TERRORISM: Urge Congress to pass a new Authorization for Use of Military Force Agreement against the Islamic State group and other extremist groups.
- CUBA: Obama wants Congress to lift the economic embargo on Cuba
- IRAN: Vow to veto new sanctions on Iran while world powers pursue nuclear talks.
- TRADE: Ask Congress for so-called 'fast track' trade promotion authority to allow an up-or-down vote on trade pacts.
- CYBERSECURITY: Call for legislation enabling information-sharing between the private sector and U.S. agencies like the Homeland Security Department.
SOURCE: AP
Well can't say it's all bad... looks sorta interesting.
Still think he has no balls as a leader, and next time he should smoke some BC weed before he does a State of The Union address.
Some good, some bullshtt.
First, as I have said before and will say again -
there is no need to raise taxes as closing the foreign tax shelters will raise FAR more revenue and will not give right wing delusionals any excuse about the "stifling" of job growth or obstruction to business expansion.
As for IRA's, people have enough options for retirement accounts and there is no need to impose this system on anyone.
Authorization for more war? Utter bullshtt and appeasement of the pro war crowd.
Lift embargo on Cuba - smart move and will generate billions in revenue for both countries.
Fcuk the embargo on Iran - what goes on there is none of goddamn business.
Further promotion of trade and increased cyber security - good ideas.
