President Barack Obama will call for increasing taxes on the wealthiest Americans then using the revenue to fund new tax credits and other cost-saving measures for the middle class in his first address before a Republican-led Congress.The president’s proposals are likely to be cheered by the Democratic Party’s liberal base, but the tax increases are all but certain to be non-starters with the new Republican majority in Congress.Obama will announce the tax proposals Tuesday night in his State of the Union address. Senior administration officials disclosed details Saturday on the condition of anonymity because they were not authorized to discuss …read more
Source: The Jakarta Post
