Obama Looking to Stick the Wealthy With Even More Taxes

Barack,Obama,At,A,Public,Appearance,For,Barack,Obama,Campaign

His second term in office is winding down, but President Obama would still like to raise taxes on high net worth individuals before he checks out of the White House at the beginning of next year. Although the president has already taken several measures to raise the effective tax rate on the wealthy, he is calling for even higher taxes on high net worth individuals, as well as big banks.

The president’s proposal includes yet another hike on capital gains. He has already raised the capital gains tax rate to 20 percent, but now he would like to push it all the way to 28 percent. The plan also calls for millionaires to pay at the very least 30 percent of their income to the government. He’s also proposing a new fee “on the largest financial firms on the basis of their liabilities.”

The reasons for the proposed tax hikes include funding the fight against ISIS, as well as supporting the president’s healthcare and education initiatives. As is to be expected, republicans have already harshly criticized the president’s proposals. In fact the budget committees from both the Senate and the House said there would be no discussion with the president’s budget director about the president’s proposed budget.

Posted in
From Combat Boots to Investor Suits with Jason Lehtinen, Managing Director at Collaborative Capital

From Combat Boots to Investor Suits with Jason Lehtinen, Managing Director at Collaborative Capital

Transcript: Alan Olsen Hi, this is Alan Olsen and welcome to American Dreams. My guest today is Jason Lehtinen Jason, welcome to today’s show.   Jason Lehtinen Thank you Alan, its a pleasure to be here.   Alan Olsen So Jason, you have a unique background and I know in the in your past you’ve…

The Art of Building Authority through Books with Anna David, Author & Founder of Legacy Launch Pad Publishing

The Art of Building Authority through Books with Anna David, Author & Founder of Legacy Launch Pad Publishing

Transcript: Alan Olsen I’m Alan Olsen and welcome to American Dreams. My guest today is Anna David. Anna, welcome to today’s show. Anna David Thank you so much for having me, Alan. Alan Olsen So Anna you came is a recommendation of Joe Polish. And I think both of us have that common connection. And…

The Power of Emotional Intelligence in Negotiation with Former FBI Lead International Kidnapping Negotiator Chris Voss

The Power of Emotional Intelligence in Negotiation with Former FBI Lead International Kidnapping Negotiator Chris Voss

Transcript: Alan Olsen Hi, this is Alan Olsen and welcome to American Dreams. My guest today is Chris Voss, Chris welcome to today’s show. Chris Voss Alan Thank you very much happy to be here. Alan Olsen Chris You have an amazing background and you know for the listeners can you walk us through your…

Treating The Pain Behind Addiction with Joe Polish, Founder of Genius Recovery

Treating The Pain Behind Addiction with Joe Polish, Founder of Genius Recovery

Transcript: Alan Olsen Hi, this is Alan Olsen and welcome to American Dreams. My guest today is Joe Polish. He Joe’s done a lot of things today we’re going to talk about his book, The Miracle Morning for addiction recovery. And, Joe, welcome to today’s show. Joe Polish Thank you, Alan. So good to be…