At the start of his State of the Union speech last night, President Obama promised to put forth a “set of concrete, practical proposals to speed up growth, strengthen the middle class, and build new ladders of opportunity into the middle class,” and threatened to “take steps without legislation to expand opportunity for more American families,” if Congress would not join him.
His not-exactly-concrete proposals included:
- Closing tax loopholes that reward companies that send jobs and profits overseas
- Reducing tax rates for businesses that create jobs in the U.S.
- Spending money saved through aforementioned tax reforms on “rebuilding our roads, upgrading our ports, and unclogging our commutes”
- Streamlining the permitting process for key infrastructure projects to create more construction jobs faster
- Launching six more high-tech manufacturing hubs like those this administration has funded in Raleigh, NC, and Youngstown, Ohio
- Establishing new trade partnerships with Europe and the