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Or we can restore an economy where everyone gets a fair shot, everyone does their fair share, and everyone plays by the same set of rules. [...] A return to the American values of fair play and shared responsibility will help us protect our people and our economy. [...] Tax reform should follow the Buffett rule: If you make more than $1 million a year, you should not pay less than 30 percent in taxes.
We have subsidized oil companies for a century. That’s long enough. It’s time to end the taxpayer giveaways to an industry that’s rarely been more profitable
Pass clean energy tax credits and create these jobs. We can also spur energy innovation with new incentives.
FACT CHECK: Obama pushes plans that flopped before.
President Barack Obama laid out an array of plans in his State of the Union speech as if his hands weren't so tied by political realities. There can be little more than wishful thinking behind his call to end oil industry subsidies - something he could not get through a Democratic Congress, much less today's divided Congress, much less in this election year.
And there was more recycling, in an even more forbidding climate than when the ideas were new: He pushed for an immigration overhaul that he couldn't get past Democrats, permanent college tuition tax credits that he asked for a year ago, and familiar discouragements for companies that move overseas.
(Read the whole fact check at the USA Today link below)
"If you're an American manufacturer, you should get a bigger tax cut. If you're a high-tech manufacturer, we should double the tax deduction you get for making products here."
Reality check: Generally, economists say tax breaks to encourage specific investment decisions are a bad idea, and rarely effective. Business investment plunged early in the last decade despite tax breaks to prop up software and technology investment after the technology bust of 2000, and investment in software and related equipment lags behind 1990s levels, adjusted for inflation, according to Barclays Capital. Generally, the market would be better off if government reduced corporate tax rates and offered fewer, rather than more deductions, Moody's Analytics Chief Economist Mark Zandi said.
We examine 11 claims by President Obama that were misleading or lacking context.
“We will not go back to an economy weakened by outsourcing, bad debt, and phony financial profits. … It’s time to apply the same rules from top to bottom: No bailouts, no handouts and no copouts.”[/i]
These are clearly lines crafted by political operatives. Few economists would blame “outsourcing” for the economic crisis; it is also unclear how Obama has eliminated outsourcing during his presidency. “Bad debts” presumably would refer to irresponsible mortgage loans. “Phony financial profits” is also a bit puzzling. Perhaps it was not supposed to make sense.
(Read them all at the Washington Post link below)
He railed against a system that isn’t fair to the “millions of Americans who work hard and play by the rules every day,” positioning himself against special treatment for a favored few: “No bailouts, no handouts, and no copouts,” he said.
And then in the same speech.
On the day I took office, our auto industry was on the verge of collapse. Some even said we should let it die. With a million jobs at stake, I refused to let that happen. In exchange for help, we demanded responsibility.
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Obama skims over election-year political realities in laying out plans
President Barack Obama laid out an array of plans in his State of the Union speech as if his hands weren’t so tied by political realities. There can be little more than wishful thinking behind his call to end oil industry subsidies — something he could not get through a Democratic Congress, much less today’s divided Congress, much less in this election year.
And there was more recycling, in an even more forbidding climate than when the ideas were new: He pushed for an immigration overhaul that he couldn’t get past Democrats, permanent college tuition tax credits that he asked for a year ago, and familiar discouragements for companies that move overseas.
http://www.washingtonpost.com/politics/ ... story.html
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navycpo7 wrote: Hell the illegals have more rights in this country than you and I.
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Obama skims over election-year political realities in laying out plans
President Barack Obama laid out an array of plans in his State of the Union speech as if his hands weren’t so tied by political realities. There can be little more than wishful thinking behind his call to end oil industry subsidies — something he could not get through a Democratic Congress, much less today’s divided Congress, much less in this election year.
And there was more recycling, in an even more forbidding climate than when the ideas were new: He pushed for an immigration overhaul that he couldn’t get past Democrats, permanent college tuition tax credits that he asked for a year ago, and familiar discouragements for companies that move overseas.
http://www.washingtonpost.com/politics/ ... story.html
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And this just in...
Obama skims over election-year political realities in laying out plans
President Barack Obama laid out an array of plans in his State of the Union speech as if his hands weren’t so tied by political realities. There can be little more than wishful thinking behind his call to end oil industry subsidies — something he could not get through a Democratic Congress, much less today’s divided Congress, much less in this election year.
And there was more recycling, in an even more forbidding climate than when the ideas were new: He pushed for an immigration overhaul that he couldn’t get past Democrats, permanent college tuition tax credits that he asked for a year ago, and familiar discouragements for companies that move overseas.
http://www.washingtonpost.com/politics/ ... story.html
Same lies, new year.
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homeagain wrote: quote="The Liberals GOP Twin[/b]\n
And this just in...
Obama skims over election-year political realities in laying out plans
President Barack Obama laid out an array of plans in his State of the Union speech as if his hands weren’t so tied by political realities. There can be little more than wishful thinking behind his call to end oil industry subsidies — something he could not get through a Democratic Congress, much less today’s divided Congress, much less in this election year.
And there was more recycling, in an even more forbidding climate than when the ideas were new: He pushed for an immigration overhaul that he couldn’t get past Democrats, permanent college tuition tax credits that he asked for a year ago, and familiar discouragements for companies that move overseas.
http://www.washingtonpost.com/politics/ ... story.html
Same lies, new year.
Ahem, why is this "news".......The SOTUS is/has been/will continue to be a "rah,rah,dog and pony show speech. It's SOLE purpose,
for any party in power, is to provide comfort and lies.....NOTHING new here....move on. JMO
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Soulshiner wrote:
navycpo7 wrote: Hell the illegals have more rights in this country than you and I.
I seriously doubt that...
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