Sunday, January 18, 2015

Obama wants to get rid of tax breaks for billionaires – nrc.nl

Obama wants to get rid of tax breaks for billionaires – nrc.nl

 US President Barack Obama delivers his plan to Improve confidence in technology

Photo EPA / Aude Guerrucci

World

Obama wants billionaires in America to pay more tax. He goes in his annual State of the Union address next Tuesday, proposals.

Obama wants to get rid of all kinds of tax breaks for the wealthiest. He wants more leveling and ensure that banks, for example to pay a fee. The measures must be picked up about $ 320 billion over ten years.

Those proceeds go to the middle class. The president wants to give $ 500 and two-earner family allowances expand considerably. Also, it should be easier to build a pension if the employer allows not

In a statement from the White House:.



” The middle class must pay too much tax as unfair tax investment routes may be used only by the rich and big companies. “

Obama’s plans to rely on the support of his liberal supporters. But Republicans in Congress in the majority, see nothing burden

Our correspondent Guus Valk earlier this week in NRC:.



Obama lost elections and must work his last two years with a Republican majeure. Yet he seems to have little experience. Obama unfolds this week an agenda that is far more ambitious than the last few years. He signed a climate deal with China reached an agreement with Cuba and announced Monday to make higher education cheaper.

The Republicans are internally divided. John Boehner was elected last week as House president, but with the heaviest internal opposition since more than 150 years. Republicans have the seats, but lack the unit to immediately make it difficult Obama.

Read more in NRC: What’s majority in Congress worth for Grand Old Party?

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