Obama to call for new tax increases in State of the Union address

Obama to call for new tax increases in State of the Union address
News from Fox News:

Jan 16. 2015: President Barack Obama speaks during a joint news conference with British Prime Minister David Cameron in the East Room of the White House in Washington.

President Obama plans to call for billions in tax increases on top earners – including a hike in investment tax rates — in order to fund new tax credits and other measures the White House claims will help the middle class.

The president’s proposals, which also include eliminating a tax break on inheritances, are likely to be cheered by the Democratic Party’s liberal base when they are announced Tuesday night in his State of the Union address. However, the tax increases are all but certain to be non-starters with the new Republican majority on Capitol Hill.

The president’s address — his first to a Republican-led Congress — will call for $ 320 billion in tax increases over 10 years. Aside from funding new tax credits including a tax credit for working families and expanding the child care tax credit, the White House says that money would go to funding measures to make college more afforable and accessible, including the president’s recently announced plan to make community college free for many students.   

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Related News:

Kentucky ‘Bonnie and Clyde’ teen couple captured in Florida
News from New York Daily News:

Grayson County Sheriff’s Office Cheyenne Phillips(13 yrs old) and Dalton Hayes(18 yrs old) both seen in this photo were wanted by the Grayson County Sheriff’s Office since Jan. 3.

Their 14 days on the lam are over and now two teenagers, ages 18 and 13, who have left a trail of stolen vehicles and bad checks from Kentucky to Florida now say they just want to go home.

Dalton Hayes, 18, and his 13-year-old girlfriend, Cheyenne Phillips, who fled their Kentucky homes on Jan. 3 were finally spotted by police in Panama City early Sunday morning and arrested without incident, Grayson County Sheriff Norman Chaffins told the Daily News Sunday morning.

He said he spoke to both of them briefly, and was unable to interview them at length. But Hayes said they are both OK and that he said he “wants to come hom…………… continues on New York Daily News

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