President Obama will reportedly unveil a plan to offer tax relief for the middle class during his State of the Union address on Tuesday night. The plan would be paid for by increasing taxes the rich pay on investments and inherited property. For more, Carol Lee of the Wall Street Journal joins Hari Sreenivasan from Washington.
Views: 6223 PBS NewsHour
In Tuesday’s State of the Union address, President Barack Obama celebrated “middle-class economics” and laid out a series of additional proposals to ensure the working class is included in the economic recovery. Most significant among them is his plan to raise taxes and fees for the wealthy in order to give working families a break.
Views: 1881 PBS NewsHour
If Congress fails to act, every family in America will see their taxes automatically go up at the beginning of next year. A typical middle-class family of four would see its taxes rise by $2,200. November 28, 2012.
Views: 32447 The Obama White House
While speaking at a campaign rally in Detroit on Friday, former President Obama took humorous jabs at Republican leadership for what he called widespread lies. He also took aim at President Trump’s proposed middle-class tax cut push before the midterm elections, saying that “Congress isn’t even in session.” » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News is a leading source of global news and information. Here you will find clips from NBC Nightly News, Meet The Press, and original digital videos. Subscribe to our channel for news stories, technology, politics, health, entertainment, science, business, and exclusive NBC investigations. Connect with NBC News Online! Visit NBCNews.Com: http://nbcnews.to/ReadNBC Find NBC News on Facebook: http://nbcnews.to/LikeNBC Follow NBC News on Twitter: http://nbcnews.to/FollowNBC Follow NBC News on Google+: http://nbcnews.to/PlusNBC Follow NBC News on Instagram: http://nbcnews.to/InstaNBC Follow NBC News on Pinterest: http://nbcnews.to/PinNBC Fmr. President Obama Mocks Trump's Middle-Class Tax Cut: ‘Congress Isn’t Even In Session’ | NBC News
Views: 153605 NBC News
President Obama warns that middle class Americans would see their taxes go up if Congress fails to act to extend the middle class tax cuts. Photo: Associated Press. Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Visit the WSJ Video Center: https://wsj.com/video On Facebook: https://www.facebook.com/pg/wsj/videos/ On Twitter: https://twitter.com/WSJ On Snapchat: https://on.wsj.com/2ratjSM
Views: 699 Wall Street Journal
PlusObama Calls for Middle-class Tax CutsObama Calls for Middle-class Tax CutsThe Associated PressBarack Obama says he favors tax cuts for middle class Americans to help stimulate the economy. Obama planned to deliver the speech in North Carolina, but his plane was diverted to St. Louis due to mechanical problems. (July 7)This video contains ONLY natural sound. No script is available.
Views: 4065 Associated Press
Why the Obama Administration's Loan Repayment Plan Won't Help Middle Class Americans
Views: 116 New America
President Barack Obama took his arguments to the American public in his State of the Union address, focusing on a surging economy and his plans to strengthen the middle class. On foreign policy, the U.S. leader called on a joint session of Congress to vote to authorize military force against the Islamic State in Iraq and Syria. Following midterm election losses, the president's domestic and overseas agenda is expected to face tough resistance. VOA’s Mary Alice Salinas reports from Washington. Originally published at - http://www.voanews.com/media/video/2607143.html
Views: 428 VOA News
On the campus of Knox College in Galesburg, Ill., President Barack Obama renewed his commitment to addressing economic issues and strengthening the middle class during his second term. Jeffrey Brown reports on the president's promises and the critical responses by Republican lawmakers.
Views: 4663 PBS NewsHour
Obama promises a tax cut for the middle class, paid for by a tax hike on the rich. Is it possible to tax the rich until they become middle class? Find out on this PJ News Break as Scott Ott brings you the latest news about Obama's economic policies, and reelection strategy to beat Mitt Romney. See more at http://www.pjtv.com
Views: 4156 PJ Media
The First Lady Speaks to leaders in postsecondary education at The Event on College Opportunity. This event is dedicated to launching a plan of action for increasing college opportunity for low-income and disadvantaged students. January 16, 2014.
Views: 14907 The Obama White House
President Barack Obama is turning to his biggest television audience of the year to pitch tax increases on the wealthiest Americans and put the new Republican Congress in the position of defending top income earners over the middle class. As Obama continues to signal what he will propose during Tuesday's State of the Union address, senior administration officials said during the weekend that he will call for raising the capital gains rate on top income earners and eliminating a tax break on inheritances. Officials said the revenue generated by those changes would fund new tax credits and other cost-saving measures for middle-class taxpayers. Tax increases are rarely welcomed by congressional Republicans, who now hold majorities in the House and the Senate for the first time in Obama's presidency. Obama's tax proposals will likely be dismissed, if not outright ignored, by lawmakers outside the Democratic Party's liberal base. http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2015-01-18-US--State%20of%20Union/id-6a34e4b6fa4f464c9a50987d5f439294 http://www.wochit.com
Views: 47 Wochit News
President Obama’s new tax code proposal calls for tax increases for higher-income earners and more tax benefits for low- and middle-income earners. Jeffrey Brown learns more from Neil Irwin of The New York Times about what the plan says about the state of the economy and potential political ramifications.
Views: 2302 PBS NewsHour
Read the President's plan: http://www.barackobama.com/plans President Obama shares his plan for jobs and middle-class security at a grassroots event in Delray Beach, Florida
Views: 8739 BarackObamadotcom
U.S. President Barack Obama has submitted a new government spending plan for the next fiscal year,... following through on his promise to help working-class Americans. With more, we turn to Paul Yi at the News Center. Paul, what are some of the measures outlined in this new budget? It′s a near-4-trillion-dollar proposal... that is going to try to help low and middle income households... at the cost of taxing big companies and the wealthiest Americans. But a lot of pundits are already saying it′s a plan that′s unlikely to pass... as it′s already facing tough opposition from the Republican-controlled Congress. Our Song Ji-sun gives us the breakdown. "Practical, not partisan." That′s how U.S. President Barack Obama described his budget proposal of nearly 4-trillion dollars... for the fiscal year 2016, which starts in October this year. As earlier outlined in his State of the Union speech last month, Obama′s plan is aimed at taxing the wealthy to support the middle class. It calls for a one-time, 14 percent tax on an estimated 2-point-1 trillion U.S. dollars of untaxed overseas income, while imposing a 19 percent tax on U.S. companies′ future foreign earnings. Obama is also looking to close tax loopholes such as one on "carried interest" to help fund investments in infrastructure and education. "It gives Americans of every age the chance to upgrade their skills so they can earn higher wages, and includes my plan to make 2-year colleges free for responsible students." The budget calls for 612 billion dollars in overall military spending, which includes funding to defeat Islamic State militants and to support NATO and European allies against Russian aggression. The budget foresees a 474 billion dollar deficit, at 2-point-5 percent of U.S. GDP - which is the lowest level since 2008. It′s projected to stabilize at that level, reducing the deficit by 1-point-8 trillion dollars over the next decade. The proposal requires approval from Congress but faces a rocky road ahead... with House speaker John Boehner rating Obama′s plan as unbalanced with "more spending, more taxes and more debt." Song Ji-sun, Arirang News.
Views: 58 ARIRANG NEWS
In this week's address, President Obama calls for quick action on the proposals he made during the State of the Union to grow our economy and create jobs, including making America a magnet for manufacturing, strengthening our education system through high-quality preschool for every child, and raising the minimum wage.
Views: 26200 The Obama White House
YOUR DESCRIPTION HAS REACHED THE LIMIT OF CHARACTERS ALLOWED AND WAS CUT. WASHINGTON (AP) -- President Barack Obama is turning to his biggest television audience of the year to pitch tax increases on the wealthiest Americans and put the new Republican Congress in the position of defending top income earners over the middle class. As Obama continues to signal what he will propose during Tuesday's State of the Union address, senior administration officials said during the weekend that he will call for raising the capital gains rate on top income earners and eliminating a tax break on inheritances. The revenue generated by those changes would fund new tax credits and other cost-saving measures for middle-class taxpayers, officials said. Tax increases are rarely welcomed by congressional Republicans, who now hold majorities in the House and the Senate for the first time in Obama's presidency. Obama's tax proposals will likely be dismissed, if not outright ignored, by lawmakers outside the Democratic Party's liberal base. "Are they going to agree on everything? Absolutely not. I think we should have a debate in this country between middle class economics and trickle-down economics and see if we can come to an agreement on the things we do agree on," White House senior adviser Dan Pfeiffer said Sunday on CBS's "Face the Nation." He said the theme of the speech would be "middle-class economics." Rep. Adam Kinzinger, R-Ill., said he had heard all five of President Barack Obama's State of the Union addresses, which are filled with proposals both good and bad. But he said the president has fallen short by failing to establish close ties to Congress. "He's never reached out to Congress and Democrats will tell you the same thing. You can't get your proposals done unless you're willing to have a relationship with an important branch of government," Kinzinger said on ABC's "This Week." Obama also is expected to call for lawmakers to make community college free for many students, increase paid leave for workers and enact broad cybersecurity rules. Administration officials disclosed details on the tax proposals on the condition of anonymity because they were not authorized to discuss the proposals by name ahead of the president's speech. The centerpiece of the president's tax proposal is an increase in the capital gains rate on couples making more than $500,000 per year to 28 percent, the same level as under President Ronald Reagan. The top capital gains rate has already been raised from 15 percent to 23.8 percent during Obama's presidency. Obama also wants to close what the administration is calling the "trust fund loophole," a change that would require estates to pay capital gains taxes on securities at the time they're inherited. Officials said the overwhelming impact of the change would be on the top 1 percent of income earners. While GOP leaders have said they share Obama's desire to reform the nation's complicated tax code, the party has long been opposed to many of the proposals the president will outline Tuesday. For example, most Republicans want to lower or eliminate the capital gains tax and similarly want to end taxes on estates, not expand them. Administration officials pointed to a third proposal from the president as one they hope Republicans would support: a fee on the roughly 100 U.S. financial firms with assets of more than $50 billion. Officials said the fee is similar to a proposal from former Republican Rep. Dave Camp of Michigan, who led the tax-writing Ways and Means Committee. Camp's plan, however, was part of a larger proposal to lower the overall corporate income tax rate. Raising the capital gains rate, ending the inheritance loophole and tacking a fee on financial firms
Views: 22 LOCAL 12
President Obama asked Congress Monday to extend for another year the Bush-era tax cut for middle class Americans, but presidential candidate Mitt Romney said the White House plan doesn't go far enough. NewsHour Political Editor Christina Bellantoni and Stuart Rothenberg of the Rothenberg Political Report discuss the latest.
Views: 885 PBS NewsHour
President Obama discusses the plan he laid out in the State of the Union to strengthen communities and families, and make sure every American and every community willing to do the work has the opportunity to lift themselves up. February 15, 2013.
Views: 13962 The Obama White House
"During his State of the Union address on Tuesday, President Barack Obama will lay out a plan to extend tax credits to the middle class by hiking taxes on wealthier Americans and big banks, according to senior administration officials. Under the plan, the capital gains tax for couples with income over $500,000 per year would be raised from its current level of 23.8 percent up to 28. The plan would also strip a tax break, known as a "step-up," that allows heirs to avoid capital gains taxes on large inheritances. In addition, the plan would institute a new tax on the biggest financial institutions, basing the fee on liabilities in order to discourage risky borrowing. The administration says the fee would hit the roughly 100 banks that have assets of $50 billion or more." Read more here: http://www.huffingtonpost.com/2015/01/17/obama-sotu-taxes_n_6493144.html John Iadarola (http://www.twitter.com/jiadarola) and Ben Mankiewicz (http://www.twitter.com/benmank77) of The Young Turks discuss. Do you think President Obama's plan goes far enough? Tell us what you think in the comment section below. ********** MLK Day, State of the Union, ISIS Executions & Civil Asset Forfeiture Reform - The Young Turks 1/19/2015 News & Politics http://www.youtube.com/playlist?list=PLTpcK80irdQiZxBJNLh0RKrUKyrfK5YrK ********** Support TYT while shopping on Amazon through this link (bookmark it!) http://www.amazon.com/?tag=theyoungturks-20 The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 6-8pm ET. Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary) Download audio and video of the full two hour show on-demand + the members-only post game show by becoming a member at http://www.tytnetwork.com/subscribe/. Your membership supports the day to day operations and is vital for our continued success and growth. Join The Young Turks Network mailing list https://www.tytnetwork.com/newsletter/ or Support The Young Turks by Subscribing http://www.youtube.com/user/theyoungturks?sub_confirmation=1 Like Us on Facebook: http://www.facebook.com/TheYoungTurks Follow Us on Twitter: http://www.twitter.com/TheYoungTurks Get your TYT Merch: http://shoptyt.com
Views: 151144 The Young Turks
President Obama calls on Congress to extend the tax cuts for the 98 percent of Americans making less than $250,000 for another year so that millions of American families don't see their taxes go up by $2,200 starting on January 1st. July 9, 2012.
Views: 25519 The Obama White House
President Obama speaks about the economy at a Democratic National Committee winter meeting.
Views: 4727 CNN
You should be with us in 2012, join now: http://my.barackobama.com/rescuevid Barack Obama announced his economic rescue plan for the middle class in Toledo, Ohio on October 13, 2008.
Views: 48898 BarackObamadotcom
(23 Oct 2018) White House economic adviser Larry Kudlow said Tuesday President Trump's proposal for new middle income tax cuts is "doable," though the plan "may not surface for a while." (Oct. 23) Subscribe for more Breaking News: http://smarturl.it/AssociatedPress Website: https://apnews.com Twitter: https://twitter.com/AP Facebook: https://facebook.com/APNews Google+: https://plus.google.com/115892241801867723374 Instagram: https://www.instagram.com/APNews/ You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/3a50aeb3678ea1bda1da6d38d6be106a
Views: 374 Associated Press
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs President Barack Obama has laid out a $4tn budget plan which hinges on collecting taxes from companies who have hoarded cash outside of the US. The FT's Washington correspondent Barney Jopson explains how the proposal to close a tax loophole to raise money to fix roads at home and improve the fortunes of middle class families will work. ► FT World News: http://bit.ly/1Exp0iJ ► FirstFT : http://bit.ly/1TK237l Read the global perspective on world events http://www.ft.com/world Click here for more FT World videos http://video.ft.com/Ft-World For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
Views: 607 Financial Times
Barack Obama's campaign is running ads that give a misleading impression that The Heritage Foundation supports his tax plan for the middle class. Policy analyst Rea Hederman says Obama's campaign is playing fast and loose with the facts. http://blog.heritage.org/2008/10/28/heritage-asks-obama-campaign-to-pull-false-ads/
Views: 7380 The Heritage Foundation
Rep. Paul Ryan says there are not enough rich people in U.S. to pay for Obama-Biden spending.
Views: 12527 ABC News
As President Barack Obama's housing program fails, big banks are basking in success. The president's HEMP plan did nothing to save the average or middle class Americans home, making the housing crisis worse. Nomi Prins says banks aren't stepping up to help homeowners because they don't have too; there is no incentive for them to, when all they would be doing is making less of a profit.
Views: 1564 RT America
(12 Oct 2017) President Donald Trump pitched his tax plan as a boost for truckers and the middle class at an event Wednesday in Pennsylvania, saying, "We want lower taxes, bigger paychecks and more jobs for American truckers and American workers." Trump appeared before about a thousand cheering people at an airplane hangar dramatically draped with American flags. Two big rigs were in the background. The president began his remarks with prayers for the victims of the Las Vegas shooting and the California wildfires, telling the crowd, "No destructive force on Earth is more powerful than the strength and resilience of the American people. Trump said his plan is a "middle class bill," aimed at boosting middle-class families by lowering rates, creating new jobs and making it easier for business owners to pass companies on to their children. "So many people have come up to me and said give it to the middle class, give it to people who need it," Trump said. He also claimed his plan that would dramatically cut corporate tax rates from 35 percent to 20 percent, reduce the number of personal income tax brackets and boost the standard deduction. Veering off topic, Trump also said he is renegotiating a number of trade deals that are "so horrendous and so one sided and so embarrassing" for the United States. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/de28e441768eadfb73334c208734c326 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 440 AP Archive
Weekly Address: Securing a Better Bargain for the Middle Class WASHINGTON, DC— In this week's address, President Obama told the American people that his plan for creating a better bargain for the middle class builds on the progress we've made, fighting our way back from the worst economic recession of our lifetimes. The President underscored the need for Congress to end the logjam in Washington and act on his plan that strengthens the cornerstones of what it means to be middle class in America: a good job, a home that is your own, affordable health care, and a secure retirement. The audio of the address and video of the address will be available online at www.whitehouse.gov at 6:00 a.m. ET, August 3, 2013. Remarks of President Barack Obama Weekly Address The White House August 3, 2013 Hi, everybody. This week, I went down to an Amazon warehouse in Tennessee to talk more about what we need to do to secure a better bargain for the middle class -- to make sure that anyone who works hard can get ahead in the 21st century economy. Over the past four and a half years, we've fought our way back from the worst recession of our lifetimes and begun to lay a foundation for stronger, more durable economic growth. Today, our businesses have created 7.3 million new jobs over the last 41 months. We now sell more products made in America to the rest of the world than ever before. Health care costs are growing at the slowest rate in 50 years, and our deficits are falling at the fastest rate in 60 years. But as any middle-class family will tell you, we're not where we need to be yet. Even before the crisis hit, we were living through a decade where a few at the top were doing better and better, while most families were working harder and harder just to get by. Reversing this trend must be Washington's highest priority. It's certainly mine. But too often over the past two years, Washington has taken its eye off the ball. They've allowed an endless parade of political posturing and phony scandals to distract from growing our economy and strengthening the middle class. That's why I'm laying out my ideas for how we can build on the cornerstones of what it means to be middle class in America. A good education. A home of your own. Health care when you get sick. A secure retirement even if you're not rich. And the most important cornerstone of all: a good job in a durable, growing industry. When it comes to creating more good jobs that pay decent wages, the problem is not a lack of ideas. Plenty of independent economists, business owners and people from both parties agree on what we have to do. I proposed many of these ideas two years ago in the American Jobs Act. And this week, I put forward common-sense proposals for how we can create more jobs in manufacturing; in wind, solar and natural gas; and by rebuilding America's infrastructure. What we're lacking is action from Washington. And that's why, in addition to proposing ideas that we know will grow our economy, I've also put forward a strategy for breaking through the Washington logjam -- a "grand bargain" for the middle class. I'm willing to work with Republicans to simplify our tax code for businesses large and small, but only if we take the money we save by transitioning to a simpler tax system and make a significant investment in creating good, middle-class jobs. We can put construction workers back on the job rebuilding our infrastructure. We can boost manufacturing, so more American companies can sell their products around the world. And we can help our community colleges arm our workers with the skills they need in a global economy -- all without adding a dime to the deficit. I'll keep laying out my ideas to give the middle class a better shot in the 21st century, and I'll keep reaching out to Republicans for theirs. But gutting critical investments in our future and threatening national default on the bills that Congress has already racked up -- that's not an economic plan. Denying health care to millions of Americans, or shutting down the government just because I'm for keeping it open -- that won't help the middle class. The truth is, there are no gimmicks when it comes to creating jobs. There are no tricks to grow the economy. Reversing the long erosion of middle-class security in this country won't be easy. But if we work together and take a few bold steps -- and if Washington is willing to set aside politics and focus on what really matters -- we can grow our economy and give the middle class a better bargain. And together, we can make this country a place where everyone who works hard can get ahead. Thanks, and have a great weekend.
Views: 704 ListenAndReadAlong
Share this: http://OFA.BO/PSR8Rr Tweet this: http://OFA.BO/BdNe3m President Obama was at a grassroots event in Rochester, NH to discuss middle-class economic security. President Obama has already cut taxes for a typical New Hampshire family by $4,200 over four years, helping families afford to send their children to college, buy their first home, pay for health care and child care. The centerpiece of the Romney-Ryan economic proposals is a $5 trillion tax cut, with a lot of it going to the wealthiest Americans. In addition, Romney and Ryan put forward a plan that would let Governor Romney pay less than 1% in taxes each year. And this tax plan would actually raise taxes on middle-class families with children by an average of $2,000.
Views: 44671 BarackObamadotcom
A new pair of Sony nosebuds lets users blast different smells into their nostrils, a devoted abuser stops by his girlfriend's office to deliver a surprise threat, and a man never expected sex with a prostitute would be so emotionally fulfilling. It's the week of February 15, 2013. For Breaking News: http://www.theonion.com/video Subscribe to The Onion on YouTube: http://bit.ly/xzrBUA Like The Onion on Facebook: http://www.fb.com/theonion Follow The Onion on Twitter: http://www.twitter.com/theonion
Views: 41294 The Onion
Leo Panitch and Jennifer Taub: President Obama's SOTU shows he is far more wedded to private sector, free market solutions than "restoring the bargain" with the middle class
Views: 1056 TheRealNews
–Obama will propose tax hikes on the rich, and tax breaks for the middle class, during his State of the Union address http://www.bloomberg.com/news/2015-01-18/obama-tries-tax-cuts-on-rich-again-offset-by-new-breaks.html http://www.huffingtonpost.com/2015/01/17/obama-sotu-taxes_n_6493144.html http://www.washingtonpost.com/blogs/wonkblog/wp/2015/01/17/president-obama-finally-has-his-piketty-moment/ –On the Bonus Show: Clashes in Pakistan over the Charlie Hebdo cartoon, cops training in Miami Beach will no longer get tasered, a bestselling book on heaven is pulled because it was all lies, more… Website: http://www.davidpakman.com Become a Member: http://www.davidpakman.com/membership Be our Patron on Patreon: http://www.patreon.com/davidpakman Discuss This on Reddit: http://www.reddit.com/r/thedavidpakmanshow/ Facebook: http://www.facebook.com/davidpakmanshow TDPS Twitter: http://www.twitter.com/davidpakmanshow David's Twitter: http://www.twitter.com/dpakman TDPS Gear: http://www.davidpakman.com/gear 24/7 Voicemail Line: (219)-2DAVIDP Subscribe to The David Pakman Show for more: http://www.youtube.com/subscription_center?add_user=midweekpolitics Support TDPS by clicking (bookmark it too!) this link before shopping on Amazon: http://www.amazon.com/?tag=thedavpaksho-20 Broadcast on January 19, 2015 David's Instagram: http://www.instagram.com/david.pakman --Donate via Bitcoin: 15evMNUN1g4qdRxywbHFCKNfdCTjxtztfj --Donate via Ethereum: 0xe3E6b538E1CD21D48Ff1Ddf2D744ea8B95Ba1930 --Donate via Litecoin: LhNVT9j5gQj8U1AbwLzwfoc5okDoiFn4Mt --Donate via Bitcoin: 15evMNUN1g4qdRxywbHFCKNfdCTjxtztfj --Donate via Ethereum: 0xe3E6b538E1CD21D48Ff1Ddf2D744ea8B95Ba1930 --Donate via Litecoin: LhNVT9j5gQj8U1AbwLzwfoc5okDoiFn4Mt
Views: 4103 David Pakman Show