Obama to Call For New Tax Increases


Mountain Republic

Will use State of the Union address to target top earners, investment, inheritance

Obama to Call For New Tax Increases

via:Fox News

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…

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