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In his State of the Union Address, President Obama announced a “Good Jobs” Executive Order requiring government contractors to raise the minimum wage for their lowest-paid workers to $10.10 fo
Details are sketchy about the new retirement plan that President Obama proposed in the State of the Union Address last night, so it's too early to offer any verdict. What causes concern, though, is that the Obama administration has previously floated retirement schemes that would double down on America's failed experiment with individual private accounts that are the cornerstone of the 401(k).
Republicans didn't just respond to the State of the Union, they responded four times. The problem is that a lot of their talking points don't stack up with reality.
1) Taxes Are Too High on The Rich
In fact, taxes have become less progressive since 1960:
At Fox News, President Obama's push to increase the federal minimum wage for millions of American workers through legislative and executive action is merely a "symbolic" gesture.
President Obama took the podium for last night’s State of the Union Address at a time when mood of the country is sour—toward the president and toward the economy. [...]
Of course, actions speak louder than words. In the speech, Obama announced he will sign an executive order that will force federal contractors to pay employees a minimum wage of $10.10 per hour.
President Barack Obama vowed on Tuesday to bypass a divided Congress and take action on his own to bolster America's middle class in a State of the Union address that he used to try to breathe new life into his second term after a troubled year.
Standing in the House of Representatives chamber before lawmakers, Supreme Court justices and VIP guests, Obama declared his independence from Congress by unveiling a series of executive orders and decisions - moves likely to inflame already tense relations between the Democratic president and Republicans. [...]