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Fiscal Cliff (2013)
Obama to propose overhaul of capital gains and dividends taxes
Obama to propose overhaul of capital gains and dividends taxes

President Obama, keeping up a push for what he calls tax fairness, plans to unveil a new package of tax proposals that target inherited assets, capital gains and large financial firms to pay for billions in new tax benefits for low- and middle-class taxpayers. The president will detail the new package, which would raise $320 billion in revenue over the next decade, in his State of the Union address Tuesday night, senior administration officials said Saturday. The officials described the plan as a key element in a speech that will declare a turnaround in the U.S. economy and lay out Obama’s plans to keep middle-income Americans from being left out of the upswing. While the policy...

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