WASHINGTON — Here’s the full transcript released by the White House of the State of the Union Address as prepared for delivery. Note that there will be places...
I’ve visited the devastating aftermaths of record floods and droughts, storms and wildfires.
The idea that in 2020, 55 of the biggest companies in America made $40 billion in profits and paid zero in federal income taxes?But now, because of the law I signed, billion-dollar companies have to pay a minimum of 15%.Under my plan, nobody earning less than $400,000 a year will pay an additional penny in taxes.Let’s finish the job. Reward work, not just wealth. Pass my proposal for a billionaire minimum tax.You may have noticed that Big Oil just reported record profits.
Let us commit here tonight that the full faith and credit of the United States of America will never, ever be questioned. I will not raise taxes on anyone making under $400,000 a year. And I will pay for the ideas I’ve talked about tonight by making the wealthy and big corporations begin to pay their fair share.
Millions of Americans can now save thousands of dollars because they can finally get hearing aids over-the-counter without a prescription.Last year I cracked down on foreign shipping companies that were making you pay higher prices for everyday goods coming into our country. Junk fees may not matter to the very wealthy, but they matter to most folks in homes like the one I grew up in. They add up to hundreds of dollars a month.I know how unfair it feels when a company overcharges you and gets away with it.We’ll ban surprise “resort fees” that hotels tack on to your bill. These fees can cost you up to $90 a night at hotels that aren’t even resorts.
Let’s also make sure working parents can afford to raise a family with sick days, paid family and medical leave, and affordable child care that will enable millions more people to go to work.
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