Obama To Propose Middle Class Tax Cut In State Of Union Address
Click here for reuse options!The proposal faces long odds in the Republican-controlled Congress, led by lawmakers who have long opposed raising taxes and who argue that doing so would hamper economic growth at a time the country cannot afford it. And it was quickly dismissed by leading Republicans as a nonstarter.
But the decision to present the plan during Tuesday’s speech marks the start of a debate over taxes and the economy that will shape both Mr. Obama’s legacy and the 2016 presidential campaign.
It is also the latest indication that the president, untethered from political constraints after Democratic losses in the midterm elections, is moving aggressively to set the terms of that discussion, even as he pushes audacious moves in other areas, like immigration and relations with Cuba.
The president’s plan would raise $320 billion over the next decade, while adding new provisions cutting taxes by $175 billion over the same period. The revenue generated would also cover an initiative Mr. Obama announced this month, offering some students two years of tuition-free community college, which the White House has said would cost $60 billion over 10 years.
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46 responses to Obama To Propose Middle Class Tax Cut In State Of Union Address
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StoneyCurtisll January 18th, 2015 at 12:27
I can hear them now…
“Redistribution of the wealth, Communism/Socialism, job killer”…
“Why does president Obama hate the rich”?..
“He wants to punish success”..
The same old tired trope the right always screams.
I’m sure Romney has a better idea, tax breaks to the 1% so it will “trickle down” to the middle class…(they make me sick)
granpa.usthai January 18th, 2015 at 15:01
sometimes it takes a while for the trickle to reach the working class that PAID for it… 35+ years and counting from the ‘originator’ of the VOODOO economics that was a boom for Romney and a BUST for the US Manufacturing Industries and their employees.
PRC loves it though…helps them to function as a capitalist society wrapped inside Communist ideology.
working out pretty damn good for the world’s emerging super duper power too!
StoneyCurtisll January 18th, 2015 at 13:27
I can hear them now…
“Redistribution of the wealth, Communism/Socialism, job killer”…
“Why does president Obama hate the rich”?..
“He wants to punish success”..
The same old tired trope the right always screams.
I’m sure Romney has a better idea, tax breaks to the 1% so it will “trickle down” to the middle class…(they make me sick)
granpa.usthai January 18th, 2015 at 16:01
sometimes it takes a while for the trickle to reach the working class that PAID for it… 35+ years and counting from the ‘originator’ of the VOODOO economics that was a boom for Romney and a BUST for the US Manufacturing Industries and their employees.
PRC loves it though…helps them to function as a capitalist society wrapped inside Communist ideology.
working out pretty damn good for the world’s emerging super duper power too!
Obewon January 18th, 2015 at 12:49
The middle class tax cut is a $175 B targeted stimulus creating jobs by increasing disposable income $350 B+. raising taxes on the wealthy to finance a middle class tax cut. is only derided by economic illiterates ginned up by their Greedy Oligarch Party.
Obewon January 18th, 2015 at 13:49
The middle class tax cut is a $175 B targeted stimulus creating jobs by increasing disposable income $350 B+. raising taxes on the wealthy to finance a middle class tax cut. is only derided by economic illiterates ginned up by their Greedy Oligarch Party.
Larry Schmitt January 18th, 2015 at 12:52
On Face the Nation, Rubio decried Obama “making one group suffer” in order to make more available to the middle class and poor. Really, the fabulously wealthy will “suffer” if they have to pay a smidge more in taxes? What will they have to deny themselves? Someone’s wife will get a tennis bracelet with six carats instead of eight. They’ll have to settle for a three acre vacation home instead of five. Oh, the humanity.
Obewon January 18th, 2015 at 13:09
68% of millionaires (those with investments of $1 million or more) support raising taxes to 30% minimum on those with $1 million or more in net income. Fully 61% of those with net worths of $5 million or more support the Buffet rule 30% minimum tax on $1 million-plus earners. ‘B/Millionaires Support Warren Buffett’s Tax on the Rich’-WSJ! http://blogs.wsj.com/wealth/2011/10/27/most-millionaires-support-warren-buffetts-tax-on-the-rich/
fancypants January 19th, 2015 at 13:18
I hope Obama gets to explain ( with charts ) who pays employee taxes in this country and at what %
That should clear up who deserves a break and who should pay more then they do now.
Larry Schmitt January 19th, 2015 at 13:47
Not to mention sales taxes.
mea_mark January 18th, 2015 at 13:27
The rich have been making the poor suffer for years. Rubio is nothing but a partisan hack, a mouthpiece for the rich that doesn’t look to ‘white’.
granpa.usthai January 18th, 2015 at 14:53
gee, if he’s got a FLDL….?
William January 18th, 2015 at 15:15
Rubio is just another hypocrite.
Larry Schmitt January 18th, 2015 at 17:04
It’s Republicanism.
Larry Schmitt January 18th, 2015 at 13:52
On Face the Nation, Rubio decried Obama “making one group suffer” in order to make more available to the middle class and poor. Really, the fabulously wealthy will “suffer” if they have to pay a smidge more in taxes? What will they have to deny themselves? Someone’s wife will get a tennis bracelet with six carats instead of eight. They’ll have to settle for a three acre vacation home instead of five. Oh, the humanity.
Obewon January 18th, 2015 at 14:09
68% of millionaires (those with investments of $1 million or more) support raising taxes to 30% minimum on those with $1 million or more in net income. Fully 61% of those with net worths of $5 million or more support the Buffet rule 30% minimum tax on $1 million-plus earners. ‘B/Millionaires Support Warren Buffett’s Tax on the Rich’-WSJ! http://blogs.wsj.com/wealth/2011/10/27/most-millionaires-support-warren-buffetts-tax-on-the-rich/
fancypants January 19th, 2015 at 14:18
I hope Obama gets to explain ( with charts ) who pays employee taxes in this country and at what %
That should clear up who deserves a break and who should pay more then they do now.
Larry Schmitt January 19th, 2015 at 14:47
Not to mention sales taxes.
mea_mark January 18th, 2015 at 14:27
The rich have been making the poor suffer for years. Rubio is nothing but a partisan hack, a mouthpiece for the rich that doesn’t look to ‘white’.
granpa.usthai January 18th, 2015 at 15:53
gee, if he’s got a FLDL….?
William January 18th, 2015 at 16:15
Rubio is just another hypocrite.
Larry Schmitt January 18th, 2015 at 18:04
It’s Republicanism.
fahvel January 18th, 2015 at 13:04
it’s sad to see Obama rushing out with good (ish) progressive ideas when he has lost the real power to enact it – He gets balls when there’s nothing to lose politically – socially I think he has done a mediocre job relative to his early potential.
granpa.usthai January 18th, 2015 at 15:04
yep. Too bad the Republican Party is in favor of restricting the people their right to choose a leader straight up.
tracey marie January 18th, 2015 at 16:44
this is not the first time he has proposed this, hell he has pushed for this since he was elected
fahvel January 18th, 2015 at 14:04
it’s sad to see Obama rushing out with good (ish) progressive ideas when he has lost the real power to enact it – He gets balls when there’s nothing to lose politically – socially I think he has done a mediocre job relative to his early potential.
granpa.usthai January 18th, 2015 at 16:04
yep. Too bad the Republican Party is in favor of restricting the people their right to choose a leader straight up.
tracey marie January 18th, 2015 at 17:44
this is not the first time he has proposed this, hell he has pushed for this since he was elected
Joe Steel January 18th, 2015 at 15:29
The viability of the President’s plan as public policy is irrelevant. It has immense political value. He’s going to make the Republicans defend the privileges and tax subsidies they’ve given the wealthy elites who give them “campaign contributions.” Knowing who wants to continue coddling the rich will be valuable to the voters.
Larry Schmitt January 18th, 2015 at 16:03
No, it won’t matter. They have proven their constituents are the 1% and mega corporations for years, but the rubes keep voting for them, against their own interests.
tracey marie January 18th, 2015 at 16:44
But it may just show the indie and dems that sit out elections that there IS a diffrence between the 2 parties
Larry Schmitt January 18th, 2015 at 17:05
If they don’t already know that, they haven’t been paying attention. And unfortunately, in this country, we will always have a minority of voters.
Joe Steel January 18th, 2015 at 19:00
The 2014 mid-terms went to the Republicans because Democrats weren’t inspired by their candidates. The return to traditional Democratic causes can change that.
tracey marie January 18th, 2015 at 19:02
Or, we threw a temper tantrum and allowed the worst government imaginable to be elected.
Joe Steel January 18th, 2015 at 16:29
The viability of the President’s plan as public policy is irrelevant. It has immense political value. He’s going to make the Republicans defend the privileges and tax subsidies they’ve given the wealthy elites who give them “campaign contributions.” Knowing who wants to continue coddling the rich will be valuable to the voters.
Larry Schmitt January 18th, 2015 at 17:03
No, it won’t matter. They have proven their constituents are the 1% and mega corporations for years, but the rubes keep voting for them, against their own interests.
tracey marie January 18th, 2015 at 17:44
But it may just show the indie and dems that sit out elections that there IS a diffrence between the 2 parties
Larry Schmitt January 18th, 2015 at 18:05
If they don’t already know that, they haven’t been paying attention. And unfortunately, in this country, we will always have a minority of voters.
Joe Steel January 18th, 2015 at 20:00
The 2014 mid-terms went to the Republicans because Democrats weren’t inspired by their candidates. The return to traditional Democratic causes can change that.
tracey marie January 18th, 2015 at 20:02
Or, we threw a temper tantrum and allowed the worst government imaginable to be elected.
Cameron Channell January 19th, 2015 at 08:37
The government is taken in record tax revenues every quarter, yet they still seem to need more money. That is a spending problem, not a tax problem. As for a tax cut, how about the ACA? That is the biggest tax burden on the middle class in decades. Stop thinking of taxes as something that “someone else” needs to pay.
Larry Schmitt January 19th, 2015 at 09:46
The federal government is not like a household budget. No national budget is. It will never balance. It can’t. There are obligations the government has to its people and the world that can’t be covered by taxes. The sooner you understand that basic concept, the better off you will be. The budget hasn’t been balanced in decades, and it was a different world then. In the modern world, the best we can hope for is to keep it under control. An no one here thinks of taxes as someone else’s burden. But the very wealthy can afford to pay more to help the poor. And by the way, the republican congress has cut, once again, the IRS budget, so don’t expect them to continue to collect record revenues. They have a freeze on hiring, a freeze on overtime. Don’t call their help line, the wait is expected to be 30 minutes or more.
Cameron Channell January 19th, 2015 at 18:00
It’s all a matter of perspective. There are a lot of things that the government provides that really it should not, whether because it is not authorized to or because it is simply not efficient or good at it. The only thing different about the world is that people today seem to expect the government to be the cure for everything, and provide for more than just basic services and general law and order. A balanced budget is perfectly possible, but Republicans and Democrats are addicted to spending because it buys their votes and benefits their crony buddies. Nothing would make me happier to get rid of the IRS, enact a fair tax, and get rid of the loopholes and tax breaks that make the tax code convoluted and opaque. And the IRS continues to prove it’s own corruption and inefficiency, perhaps that would be a nice item to eliminate. Won’t happen though, the rich like their loopholes, the poor like their credits for taxes they didn’t pay, and politicians like it because no one understands it so they can it as a weapon to convince half the population that the other half that’s paying the bills doesn’t pay enough.
Cameron Channell January 19th, 2015 at 09:37
The government is taken in record tax revenues every quarter, yet they still seem to need more money. That is a spending problem, not a tax problem. As for a tax cut, how about the ACA? That is the biggest tax burden on the middle class in decades. Stop thinking of taxes as something that “someone else” needs to pay.
Larry Schmitt January 19th, 2015 at 10:46
The federal government is not like a household budget. No national budget is. It will never balance. It can’t. There are obligations the government has to its people and the world that can’t be covered by taxes. The sooner you understand that basic concept, the better off you will be. The budget hasn’t been balanced in decades, and it was a different world then. In the modern world, the best we can hope for is to keep it under control. An no one here thinks of taxes as someone else’s burden. But the very wealthy can afford to pay more to help the poor. And by the way, the republican congress has cut, once again, the IRS budget, so don’t expect them to continue to collect record revenues. They have a freeze on hiring, a freeze on overtime. Don’t call their help line, the wait is expected to be 30 minutes or more.
Cameron Channell January 19th, 2015 at 19:00
It’s all a matter of perspective. There are a lot of things that the government provides that really it should not, whether because it is not authorized to or because it is simply not efficient or good at it. The only thing different about the world is that people today seem to expect the government to be the cure for everything, and provide for more than just basic services and general law and order. A balanced budget is perfectly possible, but Republicans and Democrats are addicted to spending because it buys their votes and benefits their crony buddies. Nothing would make me happier to get rid of the IRS, enact a fair tax, and get rid of the loopholes and tax breaks that make the tax code convoluted and opaque. And the IRS continues to prove it’s own corruption and inefficiency, perhaps that would be a nice item to eliminate. Won’t happen though, the rich like their loopholes, the poor like their credits for taxes they didn’t pay, and politicians like it because no one understands it so they can it as a weapon to convince half the population that the other half that’s paying the bills doesn’t pay enough.