Obama: Immigrant Critics Don’t Consider ‘human Consequences’ – Abc News

The legislation would overturn Obama’s executive actions limiting deportations for millions here illegally and giving them the ability to work. Obama repeated his threat to veto the legislation and says he is confident he could uphold a veto over any attempts to override it. Obama says the debate has become an “abstraction” and the so-called “Dreamers” he met with “represent the best that this country has to offer.” He says the House bill would see them deported, and he thinks that’s wrong. Join the Discussion
Source: http://abcnews.go.com/Politics/wireStory/obama-immigrant-critics-human-consequences-28721652

Obama Plan Would Merge 6 US Trade, Development Agencies – ABC News

Trade and Development Agency. OPIC finances more than $3 billion a year in developments across the world, and was the subject of an AP investigation over projects in Liberia , Mexico and Chile. An aborted $217 million power project in Liberia was marked by insider connections, questionable oversight, environmental damage and allegations by employees about sexual abuse and workplace hazards, the AP found. OPIC has no independent internal watchdog, and its accountability office has issued reports on just five deals since 2005, a period when OPIC approved more than 530 projects worldwide. Obama’s proposal said combining the agencies would “maximize the benefits for businesses and the economy,” but his idea faces hurdles. It would require Congress to grant him special authority to do it, a long shot in a Republican-controlled Congress.
Source: http://abcnews.go.com/Politics/wireStory/obama-plan-merge-us-trade-development-agencies-28725334

Obama Cuts Vaccine Program, Despite Measles Outbreak – Yahoo News

The accounting steps essentially inflate the White House’s “baseline” predictions of future deficits. Then the White House claims greater deficit savings than it otherwise could if it played by the budget rules followed by the Congressional Budget Office, whose estimates lawmakers have to follow. That’s according to a study by the budget sleuths at a Washington think called the Committee For a Responsible Federal Budget , a business-funded group that advocates cutting deficits. Here’s how: read more MANDATORY AUTOMATIC CUTS In the budget table summarizing the $1.8 trillion in deficit cuts, there’s a line that adds back funds to replace the automatic, across-the-board cuts to a variety of mandatory programs, including a 2 percentage point cut in payments to doctors who treat Medicare patients. That’s a major assumption on Obama’s part about the fate of the automatic cuts, part of the deal he struck with Congress in August 2011. Cost: $185 billion over 10 years.
Source: http://abcnews.go.com/Politics/wireStory/obama-claim-18-trillion-deficit-cuts-open-question-28710315

Obama Claim of $1.8 Trillion Deficit Cuts Open to Question – ABC News

White House officials also said the proposed budget adds an additional $128 million to a separate program that provides vaccines to uninsured and Medicaid-eligible children. Still, medical groups are not pleased with the proposal and say its a mistake to make significant cuts to the existing immunization programespecially given the measles outbreak, which has spread to more than 100 confirmed cases across 14 states. “The president’s budget misses an important opportunity to bolster the capacity of the nation’s public health departments to prevent infectious disease outbreaks, including those that are vaccine preventable,” said the National Association of County and City Health Officials Executive Director Robert M. Pestronk in a statement. The White Houses proposed budget cuts to the vaccine program come a day after GOP presidential hopefuls New Jersey Gov. Chris Christie and Sen.
Source: http://news.yahoo.com/obama-cuts-vaccine-program-despite-130000224.html

Obama administration budget proposes cuts for Medicare Advantage – Yahoo News

The White House budget, released on Monday, brought a quick retort from the Better Medicare Alliance, a group formed late in 2014 to advocate for Medicare Advantage plans. Medicare Advantage has been subject to billions in real cuts for each of the last four years. These annual cuts have resulted in higher out-of-pocket costs and lost benefits for seniors across America,” the groups interim executive director, Krista Drobac, wrote in a statement. Piling on billions more cuts will only do more harm to the 16 millions of seniors who count on Medicare Advantage for higher quality, more affordable health coverage, wrote Drobac, a veteran health care lobbyist. Unlike standard Medicare, in which doctors and hospitals bill for each service they provide, private Medicare Advantage plans and other managed care organizations are often paid a flat monthly rate for each patient using a formula called a risk score that estimates the health challenges facing individual patients. Basically, Medicare pays higher rates for sicker patients and less for people judged to be in good health.
Source: http://news.yahoo.com/obama-administration-budget-proposes-cuts-100000942.html

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Obama: Immigrant Critics Don’t Consider ‘human Consequences’ – Abc News

The legislation would overturn Obama’s executive actions limiting deportations for millions here illegally and giving them the ability to work. Obama repeated his threat to veto the legislation and says he is confident he could uphold a veto over any attempts to override it. Obama says the debate has become an “abstraction” and the so-called “Dreamers” he met with “represent the best that this country has to offer.” He says the House bill would see them deported, and he thinks that’s wrong. Join the Discussion
Source: http://abcnews.go.com/Politics/wireStory/obama-immigrant-critics-human-consequences-28721652

Obama Plan Would Merge 6 US Trade, Development Agencies – ABC News

Trade and Development Agency. OPIC finances more than $3 billion a year in developments across the world, and was the subject of an AP investigation over projects in Liberia , Mexico and Chile. An aborted $217 million power project in Liberia was marked by insider connections, questionable oversight, environmental damage and allegations by employees about sexual abuse and workplace hazards, the AP found. OPIC has no independent internal watchdog, and its accountability office has issued reports on just five deals since 2005, a period when OPIC approved more than 530 projects worldwide. Obama’s proposal said combining the agencies would “maximize the benefits for businesses and the economy,” but his idea faces hurdles. It would require Congress to grant him special authority to do it, a long shot in a Republican-controlled Congress.
Source: http://abcnews.go.com/Politics/wireStory/obama-plan-merge-us-trade-development-agencies-28725334

Obama Cuts Vaccine Program, Despite Measles Outbreak – Yahoo News

The accounting steps essentially inflate the White House’s “baseline” predictions of future deficits. Then the White House claims greater deficit savings than it otherwise could if it played by the budget rules followed by the Congressional Budget Office, whose estimates lawmakers have to follow. That’s according to a study by the budget sleuths at a Washington think called the Committee For a Responsible Federal Budget , a business-funded group that advocates cutting deficits. Here’s how: read more MANDATORY AUTOMATIC CUTS In the budget table summarizing the $1.8 trillion in deficit cuts, there’s a line that adds back funds to replace the automatic, across-the-board cuts to a variety of mandatory programs, including a 2 percentage point cut in payments to doctors who treat Medicare patients. That’s a major assumption on Obama’s part about the fate of the automatic cuts, part of the deal he struck with Congress in August 2011. Cost: $185 billion over 10 years.
Source: http://abcnews.go.com/Politics/wireStory/obama-claim-18-trillion-deficit-cuts-open-question-28710315

Obama Claim of $1.8 Trillion Deficit Cuts Open to Question – ABC News

White House officials also said the proposed budget adds an additional $128 million to a separate program that provides vaccines to uninsured and Medicaid-eligible children. Still, medical groups are not pleased with the proposal and say its a mistake to make significant cuts to the existing immunization programespecially given the measles outbreak, which has spread to more than 100 confirmed cases across 14 states. “The president’s budget misses an important opportunity to bolster the capacity of the nation’s public health departments to prevent infectious disease outbreaks, including those that are vaccine preventable,” said the National Association of County and City Health Officials Executive Director Robert M. Pestronk in a statement. The White Houses proposed budget cuts to the vaccine program come a day after GOP presidential hopefuls New Jersey Gov. Chris Christie and Sen.
Source: http://news.yahoo.com/obama-cuts-vaccine-program-despite-130000224.html

Obama administration budget proposes cuts for Medicare Advantage – Yahoo News

The White House budget, released on Monday, brought a quick retort from the Better Medicare Alliance, a group formed late in 2014 to advocate for Medicare Advantage plans. Medicare Advantage has been subject to billions in real cuts for each of the last four years. These annual cuts have resulted in higher out-of-pocket costs and lost benefits for seniors across America,” the groups interim executive director, Krista Drobac, wrote in a statement. Piling on billions more cuts will only do more harm to the 16 millions of seniors who count on Medicare Advantage for higher quality, more affordable health coverage, wrote Drobac, a veteran health care lobbyist. Unlike standard Medicare, in which doctors and hospitals bill for each service they provide, private Medicare Advantage plans and other managed care organizations are often paid a flat monthly rate for each patient using a formula called a risk score that estimates the health challenges facing individual patients. Basically, Medicare pays higher rates for sicker patients and less for people judged to be in good health.
Source: http://news.yahoo.com/obama-administration-budget-proposes-cuts-100000942.html

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Stocks May Open Sharply Lower On Disappointing Gdp Data – U.s. Commentary – Nasdaq.com

Stocks skid for second month; Dow falls 250 pts – Yahoo Finance

The downward momentum for the markets comes following the release what to invest in right now of a report from the Commerce Department showing that the pace of U.S. economic growth slowed more than expected in the final three months of 2014. The report said U.S. gross domestic product climbed by 2.6 percent in the fourth quarter following the 5.0 percent jump seen in the third quarter. Economists had been expecting GDP to increase by a somewhat more substantial 3.2 percent.
Source: http://www.nasdaq.com/article/stocks-may-open-sharply-lower-on-disappointing-gdp-data–us-commentary-20150130-00351

Stocks keep falling after GDP miss – Yahoo Finance

Sector News Airline stocks continue to turn in some of the market’s worst performances in mid-day trading, with the NYSE Arca Airline Index tumbling by 4.1 percent. With the drop, the index is pulling back further off the twelve-year highs it set on Monday. Hawaiian Airlines parent Hawaiian Holdings ( HA ) has led the sector lower, plunging by 26.6 percent after forecasting a drop by a key revenue figure in the first quarter. Considerable weakness also remains visible among software stocks, which are extending a recent sell-off.
Source: http://www.nasdaq.com/article/stocks-remain-mostly-negative-in-midday-trading–us-commentary-20150130-00597

Stocks Remain Mostly Negative In Mid-Day Trading – U.S. Commentary – NASDAQ.com

Weaker business spending and increased imports were to blame. The news comes asthe S&P 500 swings between long-term support around 2000, where it bounced sharply yesterday, and resistance around 2065. Today’s sellers are looking past strong quarterly results from companies such as Visa and Amazon.com. V is up 4 percent after beating estimates and announcing a 4-for-1 stock split. AMZN is surging 11 percent after profit blew past consensus.
Source: http://finance.yahoo.com/news/futures-bleed-lower-gdp-131158781.html

The Dow Jones Industrial Average (Dow Jones Global Indexes: .DJI) fell 251.90 points, or 1.5 percent, to 17,164.95. The payment processor jumped more than 4 percent after reporting a better-than-expected quarterly profit late Thursday.The S&P 500 ( ^GSPC ) declined 26.26 points, or 1.3 percent, 1,994.99; consumer discretionary leading losses and energy the sole sector in 10 gaining. The Nasdaq ( ^IXIC ) shed 48.17 points, or 1 percent, at 4,635.24.For every share rising, two declined on the New York Stock Exchange, where 1.2 billion shares traded. Composite volume neared 4.5 billion. Crude futures (New York Mercantile Exchange: @CL15H) rose $3.71, or 8 percent, to $48.24 a barrel, and gold futures (CEC:Commodities Exchange Centre: @GC15G) climbed $23.90, or 2 percent, to $1,278.50 on the New York Mercantile Exchange.The U.S.
Source: http://finance.yahoo.com/news/us-stocks-decline-dow-falls-204945173.html

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Stocks May Open Sharply Lower On Disappointing Gdp Data – U.s. Commentary – Nasdaq.com

Stocks skid for second month; Dow falls 250 pts – Yahoo Finance

The downward momentum for the markets comes following the release what to invest in right now of a report from the Commerce Department showing that the pace of U.S. economic growth slowed more than expected in the final three months of 2014. The report said U.S. gross domestic product climbed by 2.6 percent in the fourth quarter following the 5.0 percent jump seen in the third quarter. Economists had been expecting GDP to increase by a somewhat more substantial 3.2 percent.
Source: http://www.nasdaq.com/article/stocks-may-open-sharply-lower-on-disappointing-gdp-data–us-commentary-20150130-00351

Stocks keep falling after GDP miss – Yahoo Finance

Sector News Airline stocks continue to turn in some of the market’s worst performances in mid-day trading, with the NYSE Arca Airline Index tumbling by 4.1 percent. With the drop, the index is pulling back further off the twelve-year highs it set on Monday. Hawaiian Airlines parent Hawaiian Holdings ( HA ) has led the sector lower, plunging by 26.6 percent after forecasting a drop by a key revenue figure in the first quarter. Considerable weakness also remains visible among software stocks, which are extending a recent sell-off.
Source: http://www.nasdaq.com/article/stocks-remain-mostly-negative-in-midday-trading–us-commentary-20150130-00597

Stocks Remain Mostly Negative In Mid-Day Trading – U.S. Commentary – NASDAQ.com

Weaker business spending and increased imports were to blame. The news comes asthe S&P 500 swings between long-term support around 2000, where it bounced sharply yesterday, and resistance around 2065. Today’s sellers are looking past strong quarterly results from companies such as Visa and Amazon.com. V is up 4 percent after beating estimates and announcing a 4-for-1 stock split. AMZN is surging 11 percent after profit blew past consensus.
Source: http://finance.yahoo.com/news/futures-bleed-lower-gdp-131158781.html

The Dow Jones Industrial Average (Dow Jones Global Indexes: .DJI) fell 251.90 points, or 1.5 percent, to 17,164.95. The payment processor jumped more than 4 percent after reporting a better-than-expected quarterly profit late Thursday.The S&P 500 ( ^GSPC ) declined 26.26 points, or 1.3 percent, 1,994.99; consumer discretionary leading losses and energy the sole sector in 10 gaining. The Nasdaq ( ^IXIC ) shed 48.17 points, or 1 percent, at 4,635.24.For every share rising, two declined on the New York Stock Exchange, where 1.2 billion shares traded. Composite volume neared 4.5 billion. Crude futures (New York Mercantile Exchange: @CL15H) rose $3.71, or 8 percent, to $48.24 a barrel, and gold futures (CEC:Commodities Exchange Centre: @GC15G) climbed $23.90, or 2 percent, to $1,278.50 on the New York Mercantile Exchange.The U.S.
Source: http://finance.yahoo.com/news/us-stocks-decline-dow-falls-204945173.html

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Stocks Trying To Recover From Selloff – Nasdaq.com

Stocks trying to recover from selloff – Yahoo Finance

Japan and China both fell more than 1 percent overnight following late declines in the United States. The S&P 500 initially rose yesterday but slid into the close after the Federal Reserve left its monetary stance unchanged. A potentially bearish technical backdrop is also developing, with the index range bound since the summer as its 10-, 20-, and 30-day moving averages turn negative. That could make some chart watchers think that momentum is turning lower. But several other catalysts may influence sentiment.
Source: http://www.nasdaq.com/article/stocks-to-try-recover-from-selloff-cm437862

First, the scoreboard: S&P 500: 2,002.2, -27.4, (-1.4%) Nasdaq: 4,638, -43.5, (-0.9%) And now the, top stories on Wednesday: 1. The Fed will remain patient . In the Fed’s latest monetary policy statement the Fed said that it would still be “patient” in looking to raise interest rates, adding that the economy still continues to expand at a “solid pace” as labor market conditions continue to improve. The Fed did acknowledge, however, that inflation expectations have fallen “substantially” and that “international” developments bear monitoring, giving the statement what could be seen as a dovish tilt , which was not accompanied by a press conference from Chair Yellen. 2.
Source: http://finance.yahoo.com/news/stocks-collapse-close-heres-know-210046613.html

Stocks Fluctuate After Seeing Weakness In Early Trading – U.S. Commentary – NASDAQ.com

The S&P 500 initially rose yesterday but slid into the close after the Federal Reserve left its monetary stance unchanged. A potentially bearish technical backdrop is also developing, with the index range bound since the summer as its 10-, 20-, and 30-day moving averages turn negative. That could make some chart watchers think that momentum is turning lower. But several other catalysts may influence sentiment.
Source: http://finance.yahoo.com/news/stocks-try-recover-selloff-131242311.html

STOCKS COLLAPSE INTO THE CLOSE: Here’s What You Need To Know – Yahoo Finance

With the drop, the index has fallen to a three-year intraday low. The weakness among oil service stocks comes amid a continued decrease by the price of crude oil, with crude for March delivery falling $0.55 to $43.90 a barrel. Gold, natural gas, and steel stocks have also come under pressure on the day, while notable strength has emerged among airline, brokerage, and housing stocks. Other Markets In overseas trading, stock markets across the Asia-Pacific region moved mostly lower on Thursday following the overnight weakness on Wall http://www.todayhotstocks.com/ Street. Japan’s Nikkei 225 Index and Hong Kong’s Hang Seng Index both ended the day down by 1.1 percent.
Source: http://www.nasdaq.com/article/stocks-fluctuate-after-seeing-weakness-in-early-trading–us-commentary-20150129-01042

https://www.youtube.com/v/F3QpgXBtDeo

Stocks Slide in Late Trading After Fed – Yahoo Finance

Quarterly revenue of $74.6 billion raced past the high end of Apples prior forecast of $66.5 billion, making this revenue beat its largest in at least the last 12 quarters. All credit goes to the iPhone, whose sales of 74.5 million units surpassed even Apples own internal projections, representing 46% growth from the year-ago quarter. iPhone pricing also remained robust, at $687 per unit, thanks to a richer mix toward the higher-priced iPhone 6 Plus and phones sold with greater storage capacity. Similarly, gross margin expanded 190 basis points sequentially, to 39.9%.
Source: http://finance.yahoo.com/news/stocks-slide-trading-fed-230000142.html

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Etf Preview: Etfs, Futures Weaker Following Concerns Over Greece Election; Earnings, Fomc Meeting In Focus – Nasdaq.com

This has raised concerns that Greece could lose its international assistance or leave the eurozone. There us no data schedule for release today; investors instead are expected to focus on earnings news, with Microsoft (MSFT) and Texas Instruments (TXN) slated to report their results in the after hours session. Federal Open Market Committee meeting, beginning Tuesday, will also be in focus. SPDR S&P International Technology Sector ETF (IPK) was also unchanged.
Source: http://www.nasdaq.com/article/etf-preview-etfs-futures-weaker-following-concerns-over-greece-election-earnings-fomc-meeting-in-focus-cm436545

https://www.youtube.com/v/WyPPaiZEYO4

QuantShares Rolls Out a High Yield Hedged ETF (DIVA) – ETF News And Commentary – Yahoo Finance

are indirect, wholly owned subsidiaries of Invesco Ltd. SPDR is a registered trademark of Standard & Poor’s Financial Services LLC (S&P) and has been licensed for use by State Street Corporation. No financial product offered by State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted by S&P or its affiliates, and S&P and its affiliates make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in such products. USCF and the United States Commodity Funds are registered trademarks of United States Commodity Funds LLC Limited Liability Company Delaware. All rights reserved. WisdomTree Investments, Inc., through its subsidiaries in the U.S.
Source: http://finance.yahoo.com/news/schwab-etf-onesource-expands-offer-133000423.html

Schwab ETF OneSource™ Expands to Offer Investors Nearly 200 Commission-Free ETFs – Yahoo Finance

The JWB company is now helping adults to explore oil ETF alternatives through its new real estate guide at http://www.jwbrealestatecapital.com/how-to-save-money-buying-rental-homes . The information is structured to present the positive cash flow that is earned through rental real estate in top neighborhoods. The investment approach the JWB Group has planned for this year is expected to be attractive to stock market investors or others who are seeking higher returns apart from ETF commodities. “The rental market is now one source of income for some investors, and we’ve pioneered strategies that build monthly income through rentals,” said one JWB company source. The advantages of purchasing real estate compared with standard stock investing is described briefly in the new video guide as well as what types of retirement accounts can be useful for investing. Investors who are seeking better returns in 2015 for IRA, 401K, Roth IRA or similar accounts can also benefit from the investment guide.
Source: http://www.prweb.com/releases/oil-etf-alternatives/real-estate-investing/prweb12472341.htm

WisdomTree Expands Offering on Schwab ETF OneSource(TM) – Yahoo Finance

Schwab reserves the right to change the ETFs we make available without commissions. All ETFs are subject to management fees and expenses. Please see Charles Schwab Pricing Guide for additional information. About Schwab ETF OneSource Schwab ETF OneSource offers investors and advisors access to the most commission-free ETFs anywhere in the industry.
Source: http://finance.yahoo.com/news/wisdomtree-expands-offering-schwab-etf-160000370.html

Oil ETF Alternatives Now Explored for Investors in 2015 at Investment Website Online

A high dividend profile and a long-short exposure will help investors to ride out the global growth concerns and at the same time earn decent yield. However, this unique approach will cost investors a bit more as the ETF looks a little pricier than other regular dividend-focused funds with a net expense ratio just below one percent. ETF Competition It is hard to point out the direct competitors of DIVA given the novelty of the latter. Still, investors should note that the product will face tough http://www.etftradingsignals.com competition as far as dividend yield is concerned. We believe that high yield focus has been widespread in the space leaving risk hedge as the only attribute of DIVA to attract investors attention (read: 3 Top Performing Dividend ETFs to Watch in 2015).
Source: http://finance.yahoo.com/news/quantshares-rolls-high-yield-hedged-150003824.html

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Obama To Tell Congress Lifting Cuba Embargo Is The Right Thing To Do – Yahoo News

I don’t believe it will. It takes some time. But I believe when we start testing this issue. In the Senate for example, with votes we are going to find members coming forward on both sides. There was a time not that many years ago when 60-plus members of the Senate, in both political parties, said let’s expand agricultural trade with Cuba. Even in the depths of the embargo and blockade.
Source: http://news.yahoo.com/obama-tell-congress-lifting-cuba-embargo-thing-191329684.html

Obama’s ‘real’ SOTU goal: Embarrass the Republicans – Yahoo News

Republicans will argue raising taxes now would slow economic growth at a time the U.S. economy is just getting its footing. Related: How Obama lost the middle class I think the White House is going to try to embarrass the Republicans and try to make them look as if they defend the very wealthy,” says Valliere. “Its purely politics. Purely politics? That’s expected. But is it good politics?
Source: http://news.yahoo.com/-state-of-the-union–2016-campaign-starts-now-161616245.html

Obama’s speech strategy: Put GOP on the back foot on taxes

Getty Images Read More Calculating the long odds for Chris Christie Mitt Romney, the 2012 GOP nominee who is looking at a 2016 bid, attempted to shift to a populist tone in remarks to Republicans in San Diego on Friday. But his efforts drew mostly mockery on social media from Democrats and Republicans who remember Romney’s comments deriding the “47 percent” of Americans who rely on government largesse rather than contribute to economic growth. Romney, a private equity multimillionaire, is not the ideal vessel for a populist message of economic inclusion. Meanwhile, Obama in his speech will be attempting to gain the high ground in an effort to address the biggest economic failing on his watch, the fact that median household incomes actually fell close to 4 percent to $51,939 in 2013 compared to when Obama took office http://www.obamastudentloanforgiveness.net in 2009, according to census data. The numbers for the lowest earners are even worse. Much of this is the result of larger economic trendsand fallout from the recessionthat are beyond Obama’s control.
Source: http://www.cnbc.com/id/102350999

Obama heads into State of the Union on ratings uptick – CNN.com

That means proposing new tax breaks for married couples where each partner works, increasing the child care tax credit and offering two years of community college free to qualified applicants. The White House says those kinds of moves will help bolster middle-class Americans who aren’t yet feeling the economic recovery, despite plenty of data indicating the country moving further away from the recession. But even as Obama finds himself more popular than he has been in months, his agenda appears to be facing its toughest challenge yet with Republicans in control of both chambers of Congress. GOP leaders have already dismissed the White House tax plan as an unserious bid at tax reform, an issue both sides say they want to tackle in the final two years of Obama’s presidency. The President’s aides say they still expect to make progress. “The State of the Union is an opportunity for the President to lay out his vision, to put forward his proposals.
Source: http://www.cnn.com/2015/01/19/politics/obama-popular-state-of-the-union/index.html

https://www.youtube.com/v/VHD4RHJQUsc

Obama aide: Our ‘strong logic’ for rich tax hikes

The annual speech, the most important in the US political calendar, comes two years to the day of his scheduled departure from the White House in 2017, and the American president does not have an easy road ahead of him. Tuesday will mark the first time since his election in 2008 that Obama will address a Congress whose two houses are entirely controlled by his Republican adversaries. “Im not going to spend the next two years on defense; Im going to play offense,” a defiant Obama told Senate Democrats, according to comments reported by the website Politico. His credo: It’s time for Americans to benefit from the country’s economic growth after years of decline. Unemployment has fallen below six percent, the lowest numbers in over a decade.
Source: http://news.yahoo.com/obama-faces-republican-held-congress-state-union-064909657.html

Obama faces Republican-held Congress for State of the Union – Yahoo News

It was never was implemented but often praised on both sides of the aisle. “The bank tax, [Republican] former Ways and Means chairman Dave Camp, he proposed a very similar tax on banks,” Furman said. “These all have a strong economic logic to them.” Read More Americans shake off economic pessimism: NBC/WSJ poll Furman also pointed to past doomsday scenarios in making his case for these new actions. “The tax deal at the end of 2012, we increased tax rates on capital gains and dividends. Some people predicted it would be the end of the world.
Source: http://www.cnbc.com/id/102350604

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