"Obama’s budget proposal will take aim at the wealthy"

[applegrove]

Obama’s budget proposal will take aim at the wealthy

By Steven Mufson and Juliet Eilperin at the Washington Post

http://www.washingtonpost.com/politics/obama-likely-to-make-economic-recovery-a-centerpiece-of-state-of-the-union-address/2015/01/17/22ecec32-9cd6-11e4-a7ee-526210d665b4_story.html

"SNIP..................


President Obama plans to propose raising $320 billion over the next 10 years in new taxes targeting wealthy individuals and big financial institutions to pay for new programs designed to help lower- and middle-income families, senior administration officials said Saturday.

In his State of the Union address Tuesday night, Obama will propose raising the capital gains and dividend tax rates to 28?percent for high earners; imposing a fee on the liabilities of about 100 big financial institutions; and greatly broadening the amount of inherited money subject to taxes.

Obama will also seek to boost private retirement savings by requiring employers without 401(k) plans to make it easier for full-time and part-time workers to save in individual retirement accounts, which could assist as many as 30?million people. The administration would provide small employers tax credits to cover costs.

Senior administration officials said that the package would highlight the president’s desire to boost taxes on the nation’s wealthy households and help lower- and middle-class families. New tax credits would help those in need of child care and households with two earners, they said, while other proposals — such as covering community college tuition — would help students.



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[blkmusclmachine]

1. Funny how the DEMS start acting like DEMS, just when there's NO CHANCE their policies will ever see

the light of day.


I'm not fooled.


Are you???

[MannyGoldstein]

2. Why 28%?

As long as there's zero chance of passing it, why not 90% to shut those damned moonbats up?

Wasted opportunity!