The State Of The Union Speech Starring President Obama LIVE TUESDAY. The President will give his second to last SOTU address tomorrow, Tuesday Jan 20th, 2015.
Obama’s tax plan: Middle-class credits, increases for rich
Top among those plans is one that would raise $320 billion over the next 10 years through a capital gains tax hike and new bank fees, and use that money to cover his $60 billion pitch for free two-year community college tuition and $175 billion in new tax benefits for the middle class.
It’s Obama’s opening offer in what he hopes will be a negotiation with Republican congressional leaders over a major tax overhaul — which Democrats also hope will free up money to fund some of their top priorities.