Go Obama! its long overdue!
President Obama Will Seek to Reduce Taxes for Middle
Class
President Obama will use his State of the Union address on Tuesday to call on Congress to raise taxes and fees on the wealthiest taxpayers and the largest financial firms to finance tax cuts for the middle class, administration officials said on Saturday.
The proposal — which will also push to reshape the tax code to help working families and raise $320 billion over the next decade — 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.
But the decision to present the plan signifies the start of a debate over taxes and the economy that will shape both Mr. Obama’s legacy and the 2016 presidential campaign.
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http://www.nytimes.com/2015/01/18/us/president-obama-will-seek-to-reduce-taxes-for-middle-class.html?emc=edit_na_20150117
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