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Tag: sotu2015

AP Photo/Mandel Ngan, Pool

Obama Forced to Dump Tax on 529 College Savings Accounts

In a desperate attempt at relevance, President Barack Obama thought he could pay for two promised years of free community college tuition by eliminating the tax exemption on middle-class 529 college-savings accounts. Although the Administration argued that the 529 accounts disproportionately benefit higher-income families, disenfranchising 11.6 million accounts was seen as just short of a declaration of war on “the family.” This afternoon Obama dumped his tax plan.

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SOTU: Obama Vows to Veto Iran Sanctions–Again

In his State of the Union address, President Barack Obama repeated his threat from last year’s address to veto any new Iran sanctions passed by Congress. He also claimed that Iran’s nuclear program had been stalled, and pledged to reach a deal by the end of the year. The language was almost the same as he used in 2014, though he failed to stop Iran’s nuclear program or to reach a deal over the past year, and in fact extended talks twice past the original deadline agreed one year ago today.

AP

SOTU: No Mention of Yemen as U.S.-Backed Government Falls

In his State of the Union address to a joint session of Congress Tuesday evening, President Barack Obama touted his foreign policy successes–but failed to mention Yemen, where Shia militias overthrew the government earlier in the day, and where Americans anxiously anticipated evacuation from the embassy and the country.