Obama’s State of the Union Tax Proposals: What it Would Mean for You

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Wall Street Journal columnist and nationally-recognized financial expert, Jonathan Clements, discusses the tax consequences of President Obama’s State of the Union address. He made three specific proposals: increase the capital gains rate, ending the step-up in cost basis upon death (seemingly boring but Jonathan makes it kind of cool), and ending the tax-free treatment of college savings plans (which Obama has since discarded). While these proposals may not see the light of day due to Congressional gridlock and protective attitudes toward wealthy Americans, it is worthwhile to hear what Obama has in mind and what it means for us.

Guest: Jonathan Clements
Learn more at: Jonathan Clements Money Guide 2015

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The Tim Danahey Show started in July, 2010 at internet station Castle Rock Radio. It started as a one-day-per week endeavor and quickly grew to five days per week. The show discusses economics, government, social issues, history, and non-fiction books in a magazine format featuring in-depth conversations with guests. Politics and inflammatory conversations are discouraged as they are divisive and counter-productive. Instead, the show seeks under-reported topics and delves into facts, different perspectives, and ramifications of each perspective.