1. “President Obama Delivers the State of the Union.” In State of the Union speech, the president defiantly sets an ambitious agenda.
“The tax plan would raise the top capital gains tax rate to 28 percent, from 23.8 percent. It would also remove what amounts to a tax break for wealthy people who can afford to hold on to their investments until death. Mr. Obama also said he wanted to assess a new fee on the largest financial institutions—those with assets of $50 billion or more—based on the amount of risk they took on. Those proposals would pay for the community college initiative, which would cost $60 billion over a decade, as well as an array of new tax credits intended for the middle class. They include a new $500 credit for families with two working spouses; a subsidy of up to $2,500 annually to pay for college; and the tripling, up to $3,000, of an existing tax break to pay for college. ’It’s time we stop treating child care as a side issue, or as a women’s issue,’ Mr. Obama said, ’and treat it like the national economic priority that it is for all of us.’”