[lbo-talk] "middle class economics" policy ideas in the SOTU

Eric Beck ersatzdog at gmail.com
Wed Jan 21 06:52:06 PST 2015


On Wednesday, January 21, 2015, Robert Naiman <naiman at justforeignpolicy.org> wrote:


> Here is a summary of "middle class economics" policy ideas from the SOTU,
> culled from the New York Times article.
>
> Stuff:
> - make community college free for most students ($60 billion)
> - paid leave for workers
> - enhance tax credits for education, child care, middle class retirement:
> - new $500 credit for families with two working spouses
> - subsidy of up to $2,500 annually to pay for college;
> - tripling, up to $3,000, of an existing tax break to pay for college
> - major initiative to repair crumbling roads and bridges (to this, Pfeiffer
> added, “ports,” e.g. expand existing ports so they can handle the bigger
> ships that now pass through the Panama Canal)
> - new regulations on Internet providers (I gather this is referring to the
> Title II-FCC-net neutrality fight - RN) and for overriding state laws that
> limit competition for high-speed service
>
> Payfors:
> - $320 billion in tax increases over the next decade on higher income
> earners as well as a fee on large financial institutions
> - raise the top capital gains tax rate to 28 percent, from 23.8 percent
> - remove tax break for wealthy people who can afford to hold on to their
> investments until death
> - new fee on the largest financial institutions — those with assets of
> $50 billion or more — based on the amount of risk they took on
>


>
Lol. It's safe to propose those things now that there's not a chance in hell of their getting passed by Congress. And then liberals can whine about the obstructive Republicans, &c. Have you heard this before?



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