The State of the Union & You
BATON ROUGE - President Obama is set to deliver his annual State of the Union address before Congress tonight. The main focus of the speech is expected to be economics.
It comes just a week after a study revealed the cost of living in Baton Rouge is too high for 1/3 of families living here and behind recommendations from researchers that Louisiana needs to raise the minimum wage and expand social welfare programs.
The there of tonight's address is "Middle Class Economics". The President will lay out a plan that's expected to include new taxes and credits. Here are some of Obama's ideas:
- Tax cuts of the middle class
- Free community college education
- Childcare tax credits
- New taxes on the wealthiest
Some people News 2's Rebecca Buchanan spoke to some people who say taxing the rich would help balance the economic divide.
Others claim that while the President's ideas sound good in theory, they most likely won't work.
"Folks who make $500,000 or more know how to make money and they know how to protect it," Baton Rouge resident Alex Velasquez says. "Ultimately it's the middle class that's going to get hit on the revenue that was expected to come from the upper 1%."
The President has also been pushing minimum wage increases across the country and is expected to address that issue again tonight. It comes after a recent report revealed that a family of four needs to bring in $60,000 a year to live comfortably, and many here aren't meeting that mark.
Click on the video link for more information on the President's upcoming State of the Union address. You can watch it tonight at 8 p.m. On WBRZ News 2.