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State of the Union: Obama demands spread of wealth | |
(about 2 hours later) | |
US President Barack Obama has declared an end to the financial crisis and pledged economic policies to benefit all Americans, in his annual State of the Union address to Congress. | |
In a speech devised to appeal to working families, Mr Obama outlined his strategy for "middle-class economics". | |
"It's now up to us to choose who we want to be over the next fifteen years," he said. | |
But the plans are unlikely to make it past a Republican-controlled Congress. | But the plans are unlikely to make it past a Republican-controlled Congress. |
In a speech which he described as more focused on values than policies, Mr Obama declared America had turned a page after the worst recession since the Depression. | |
The president said he planned to build on this growth by providing working families with help in the form of sick and maternity leave and affordable child care. | |
"Middle-class economic works. Expanding opportunity works. And these politics will continue to work, as long as politics don't get in the way," he said. | |
He also pledged that Congress should pass a law to give women the same wages as men for doing the same job. "It's 2015. It's time," he said. | |
Mr Obama's speech also included plans to build a competitive economy by improving America's infrastructure and providing free access to community college. | |
"This plan is your chance to graduate ready for a new economy, without a load of debt," he said. | |
In a policy which is likely to bring him into direct conflict with the Republican-led Congress, Mr Obama pledged to close tax loopholes on large inheritances, raise capital gains tax on the richest earners from 23.8% to 28% and introduce new fees on US financial firms with assets about $50bn. | |
Some senior members of the Republican party has already dismissed this as "class warfare". | |
Plans outlined in Obama's speech | |
Mr Obama urged Congress to pass legislation to better combat cyber-attacks. | |
"If we don't act, we'll leave our nation and our economy vulnerable," he said. | |
On foreign policy, Mr Obama said America reserved the "right to act unilaterally" in hunting down terrorists and called on Congress to pass a resolution to authorise the use of force against IS. | |
But he also stressed that his administration will continue to reject offensive "stereotypes of Muslims". | |
The president reiterated his belief that the US could negotiate an agreement to prevent Iran gaining nuclear weapons and said he would veto any new sanctions bill which threatens this. | |
He said his decision to end his America's long-standing policy on Cuba and try something new had the potential to "end a legacy of mistrust in our hemisphere". | |
Alan Gross, who was recently released after spending five years in a Cuban prison, was among Michelle Obama's guest for the speech. | |
The Republican response to the president's 6,000-word speech will come from rising star Joni Ernst, the Iowa senator who shot to fame by burnishing her hog-castrating credentials in a campaign television advert. | |
Ms Ernst is expected to argue Americans have been hurting economically but have not seen solutions from Mr Obama. | Ms Ernst is expected to argue Americans have been hurting economically but have not seen solutions from Mr Obama. |
Instead, it has been "the same stale mindset that led to failed policies like Obamacare". | Instead, it has been "the same stale mindset that led to failed policies like Obamacare". |
The senator will call on Mr Obama to work with Republicans on issues they might have common ground - including a trade deal and tax code reform. | The senator will call on Mr Obama to work with Republicans on issues they might have common ground - including a trade deal and tax code reform. |
"The president has already expressed some support for these kinds of ideas," Ms Ernst is expected to say. "We're calling on him now to co-operate to pass them." | "The president has already expressed some support for these kinds of ideas," Ms Ernst is expected to say. "We're calling on him now to co-operate to pass them." |