In his upcoming State of the Union speech, President Barack Obama will call for a $500 tax credit for married couples who each hold jobs, administration officials say. He'll also spell out ways to simplify the way taxpayers apply for education and child care credits, including increasing the top child care credit to $3,000.

The total cost for these new provisions and others -- including two free years of community college to qualified students -- is $235 billion, according to administration officials who spoke anonymously. Obama's proposals would need to be approved by both the Republican-led House and Senate.

http://www.cnn.com/2015/01/17/politics/obama-state-of-the-union-taxes/

1/17/2015 8:44:03 PM

Do single people get $250?


wtf

1/17/2015 8:53:27 PM

Shrug, as if the House or Senate will even vote on this nonsense. They are too busy regulating vagina to worry about giving everyone cash.

1/17/2015 9:05:18 PM

The intent of the credit for married people with jobs is to help offset daycare. Need to read more details than the small snippets.

The raising of long term capital gains taxes to pay for it will have some interesting consequences as everyone pulls their gains out of the market prior to the rise

1/17/2015 9:56:24 PM

If the credit is to help with child care, how come having a child isn't a requirement to qualify?

As if a $500 handout is really going to help anyone. Here's $9.62 a week, this will help you with child care costs. While a daycare can run hundreds a week.

1/17/2015 10:12:44 PM

it's more an opening gambit for 2016 I assume. No chance it will pass. But Dems will be able to say "Rs would rather keep taxes low on their dividends and IRA above $Texas-million than give the middle class tax cuts"

1/17/2015 10:14:43 PM

If Obama wanted this to pass, he would have introduced it before the Dems lost control of Congress.

1/17/2015 10:41:00 PM

this is racist and homophobic.

http://www.bls.gov/opub/mlr/2013/article/marriage-and-divorce-patterns-by-gender-race-and-educational-attainment.htm

this would benefit whites the most because they are most likely to be married.

and clearly homosexuals are not yet allowed the same rights to marriage as heterosexuals.

shame on you obama.

1/17/2015 10:50:11 PM

Maybe republicans can be buttered up to get behind this: http://www.brentroad.com/message_topic.aspx?topic=644375

1/18/2015 12:20:46 AM

If Obama wanted change he would have shoved it down their throats when he had control of the House and Senate.

He's a politician, lots of talk, grand ideas, 0 action. At least he fixed health care bless his soul.

1/18/2015 12:23:59 AM

So a married couple with no children (or children above the daycare age) deserve a credit while single parents do not?
Married people already get a break as it is.

1/18/2015 12:46:12 AM

^ Google marriage tax penalty - it's quite often not a break

1/18/2015 8:29:21 AM

i've about had it with subsidized crotchfruit in this fucking country

1/18/2015 11:32:33 AM

Welp we know who doesn't have crotch fruit exemptions.

1/18/2015 1:20:38 PM

It's not crotch fruit that's the problem, it's how we view compensation as a country: http://blogs.wsj.com/economics/2015/01/07/most-americans-dont-have-savings-to-pay-unexpected-bill/?utm_content=bufferca21d&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

1/18/2015 2:22:30 PM

Quote :

"If Obama wanted change he would have shoved it down their throats when he had control of the House and Senate. "

that was like two months in 2009.

1/18/2015 9:56:43 PM

Now Republicans have to come out against the middle class, this state of the union is basically 10/10 trolling

1/18/2015 10:00:54 PM

can we get the pre-tax child care upped from the laughable $5k it is now? that shit doesn't even cover 4 months for one fucking kid up here in DC

1/18/2015 10:35:10 PM

Can we get it lowered to $0? That would be fantastic.

1/18/2015 10:43:43 PM

while we're at it let's not subsidize these other people i don't like / can't relate to

1/18/2015 10:55:15 PM

This will end up with the mortgage interest deduction being taken away. I can feel it.

1/18/2015 11:28:55 PM

I'd love to see pretty much all credits and deductions eliminated.

1/19/2015 1:44:15 AM

Take a sip of your beer every time a democrat claps or a republican sneers.

1/20/2015 7:29:42 PM

What about when a republican tries to give a hug?

1/20/2015 8:21:12 PM

Best part of whole speech

1/21/2015 10:47:18 AM

I don't get the rush to spend money on people for child care. Many states already offer their own programs for qualifying families that make daycare REALLY cheap. For me, it is 1145/month, but qualifying families can get the same care for $300 or even less.

Now for a lot of families, they can take advantage of their employer's offer of a dependent care spending account, which lets you take up to 5000 of your paycheck, pretaxed, to go toward daycare. I realize some employers don't offer that, but I haven't seen the numbers.

$500/year really isn't going to do squat unless maybe it is combined with the credits already out there plus the state programs that people can take advantage of.

1/21/2015 11:16:03 AM

http://www.wral.com/fact-check-obama-claims-credit-for-an-incomplete-recovery/14373591/

1/21/2015 1:35:03 PM