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Obama says crisis shadow passes as Congress urged to tax wealthy
President Barack Obama told a joint session that the shadow of crisis has passed and urged Congress to raise taxes on the wealthy to fund middle class relief. He proposed higher capital gains taxes for high earners, estate taxes on securities, and fees on large financial firms, to fund middle class benefits including a $500 child tax credit and free community college. He sought bipartisan support on foreign policy and warned against new sanctions on Iran, while vowing to veto efforts to dismantle his priorities.
MENTIONED IN THIS ARTICLE
Washington
Barack Obama
America
Congress
Obama
Wall Street
Bwilk
U.S
Iraq
Syria
Islamic State Group
Iran
Capitol Hill
Joe Biden
House
John Boehner
Ohio