US President Barack Obama wants to raise taxes for wealthy Americans and abolish privileges for fees for legacy securities. With appropriate proposals Head of State will speak on January 20, during his annual address to Congress, “State of the Union,” the Associated Press reported, citing sources in the White House.
As expected, Obama proposes to increase taxes to 23.8 percent to 28 percent for families, the total annual income of more than 500 thousand dollars. He has already raised this rate, to him it was 15 percent.
The head of state decided to tax Americans who own securities that are the legacy. Among other initiatives, the president, according to sources – exemption of certain categories of students to pay for college, increase selling for working people and strengthening cybersecurity measures to protect electronic data of Americans.
Representatives of the Republican Party, which has a majority seats in both houses of Congress are expected to oppose some of the proposals of the President. As a whole, they do not mind the changes in the tax code, but for a long time the party opposed such initiatives Head of State.
13:37 November 7, 2014
The Republican Party on the results of the midterm elections, which took place on November 5, the first time in eight years, won a majority in the Senate of the US Congress, won thanks to a victory in seven key states at least 52 seats. In this case, opponents of the Democrats also retained control of the House of Representatives. Obama later claimed responsibility for the defeat of the Democratic Party.
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