Buckle Up

[Proud Tiger 4,261]

Fasten your seat belt, Obama want's more from your wallet to fund things he wants to do for you. He is getting back to his socialistic desire to spread the wealth around.

http://www.foxnews.com/politics/2015/01/17/obama-to-call-for-tax-increases-on-wealthy-in-state-union-address/

[Texan4Auburn 1,626]

White House says that money would go to funding measures to make college more afforable and accessible

Want to make college more affordable. Then do away with student fees in tuition that are used to subsidize athletic departments. Do away with the six and 7 figure bonuses that are paid out to people in administration. Do away with things like requiring students to pay hundreds of dollars in dining costs to buy items on campus that are overpriced. Oh, and go after the bookstores which is one of the biggest rip offs at a University. Buy X book new for 200 dollars, return it in mint condition for 50 dollars, book store sells it again for 175 dollars. Imagine the amount of money one could save if a university kept online versions of books that a student had access to as part of their tuition fees. Can buy a tablet, kindle, or whatever for what one book costs. Oh, and lets improve the education by going after tenure also.... I know one specific instructor that wasted my time and my money and 100% positive that he just gave grades.

The centerpiece of the president's tax proposal is an increase in the capital gains and dividends rate on couples making more than $500,000 per year to 28 percent, the same level as under President Ronald Reagan

Reagan was the greatest right. So this shouldn't be a issue.

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.

Dodging taxes. All for going after that.

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

So the Republicans were digging this earlier.

A credit of up to $500 for families in which both spouses work. The administration says 24 million couples would benefit from the proposal, which would apply to families with annual income up to $210,000.

Given the average home incomes of Americans. This will do more good for the middle class than harm I would think.

Expanding the child care tax credit to up to $3,000 per child under age 5. The administration says the proposal would help more than 5 million families with the cost of child care.

Want people off of welfare and working? All the complaints about how children are being raised and what they are exposed to? Addressing the issue of child care is part of the answer. Doesn't list a income so appears if your make 30k you get a credit, you make 300k you get a credit.

Overhauling the education tax system by consolidating six provisions into two, a move that could cut taxes for 8.5 million families. Republicans have been open to the idea of consolidating education tax breaks.

So the Republicans are interested in making this move also.

So if I take a job and a few years down the road I'm pulling the mean salary of 90k in my field, I meet a woman that works as a Human Resource Specialist pulls the average 70k or so and we get married. We bow chica bow wow (without birth control, lot of bow chica bow wow with it will occur) and have twin girls named Hillary and Chelsy. I have no issue receiving the tax credits I would receive that resulted from making rich individuals pay their taxes also versus using loopholes to get out of them.

[autigeremt 6,600]

Tax reform for Obama and liberals must mean more vote buying? Let's get some real tax reform first.

As for the rising cost of education....if you have a problem with all the fees and cost of tuition contact your federal government. They have helped to create the damn mess it is in.

[Texan4Auburn 1,626]

Yup, and both sides do it. Till they do get together and do a real reform I will do what the majority of America will do and go with the best option for me.

I realize the govt. has played its part into the cost. But the food fee at Auburn, the student fee with money going to the athletic department, and the cost of books made up over 1k of my academic costs during multiple semesters over the past two years.