In 2009 when President Obama first spoke to Congress he stated “the state of our economy is a concern that rises above all others.” Unfortunately, four years later it still is.
The President is pushing to raise taxes again. The Social Security tax and the Payroll tax have both gone up. Dividend and tax rates on high earners have already moved up.
The President is pushing Democratic leaders for “tax reform” and “more revenue”. Both of those mean higher taxes.
The tax battles are not yet done and we will see what happens.
The President is continuing his theme of thinking he can improve the economy by raising taxes which is contrary to what almost every economist advises. He points at these indicators in both his State of the Union Message and his speeches that he will make as he circles the country, including at home here in Asheville.
At the Law Firm of Steven Andrew Jackson, Attorney and Counsellor at Law, we have helped hundreds of families protect themselves and their loved ones, avoid Estate Taxes and Probate Costs, and keep their Estate Plans current with the law through The Customized Protective Estate Planning Solution™.