He contends the taxes will help the middle class but all they do is take money away from the job creators and grow the number of Americans who rely on the federal govt. to make a living.
Below are the economic programs Obama is proposing, in the White House's words:
- Closing One of the Biggest Tax Loopholes – the Trust Fund Loophole: The President will propose to close the single largest capital gains loophole, which lets hundreds of billions of dollars escape taxation each year, to ensure the wealthiest Americans pay their fair share on inherited assets.
- Raising the Total Top Capital Gains and Dividends Rate Back to the Level Under President Reagan: The President will propose to raise the top capital gains rate to 28 percent – the rate under President Reagan.
- Making the Biggest Financial Firms Pay Their Fair Share: The President will continue to reform the way the largest financial firms do business by proposing a fee on the biggest financial firms, making it more costly for them to borrow heavily.
So is the media going to tell the truth? Will it criticize the President for a plan that is nothing more than an anti-GOP ploy, the same way they are criticizing the GOP for a Keystone Vote that will be vetoed, or the anti-Obamcare votes, or bills trying to overturn the Presidential overreach on immigration? Sadly the answer is probably no.