I will have further comments on the President’s State of the Union Speech tomorrow, but I do have one observation on some of what has been released to the public ahead of time.
The article reports:
The provision is included in his effort “to help middle class families get ahead.” Like who? Administration officials said families earning up to $210,000 would get a piece of the tax credit. That is four-times the earning of the “typical” middle class income of $51,939 calculated by the Obama-supporting Center for American Progress.
It’s to pay for the added commuter and child care costs of two-earner families, but it wouldn’t cover much.
The article also points out that the cost of dinner on New Year’s Day for the president and the first lady was $295 per person, not including wine. President Obama’s middle class tax break would not have even paid for his New Year’s Day dinner.