President Barack Obama wants to get rid of tax breaks for the richest Americans. He wants to avoid that they pay less tax through the use of loopholes in the tax system.
In addition, Obama wants multinationals to pay a levy. Altogether, this will yield around 320 billion dollars. That money must benefit the middle class.
Trust
An insider tells Reuters that Obama will announce his leveling plans Tuesday during his annual State of the Union. The government is confident that he will find a majority of its intentions in the House of Representatives and the Senate, where Republicans have a say.
It will be difficult in any case for Obama Pressing these plans, because it means a burden for wealthy Americans, something the Republicans not waiting for. However, some plans Obama would have the support of a majority.
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One of the loopholes in the system that Obama wants to tackle the so-called Trust Funds , a fund that wealthy Americans often prepare for their children. According to Obama, this is the greatest way of tax evasion by wealthy Americans, since they can give money to pay their heirs without spending extra tax.
Child
Obama wants to divide the proceeds among the middle give. So he wants $ 500 and two-earner family allowances expand significantly. Furthermore, the President wants it to be easier is to build up a pension, even if the employer allows not.
“The middle class must pay too much tax as unfair tax investment routes may be used only by the rich and big companies’ let the White House said in a statement.
Obama announced earlier a plan for free tuition for local further education. All plans of the President would go about 235 billion dollars together cost
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