State of the Union

Highlights of President Barack Obama’s plan to tax wealthy
Highlights of President Barack Obama’s plan to tax wealthy
The White House says President Barack Obama will propose in his State of the Union address a plan to impose higher taxes on the wealthy and use the revenue to help middle-class families. Congress would have to agree, and lawmakers have rebuffed Obama's earlier proposals to eliminate certain tax provisions and spend the money on road and bridge repair, for example.

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