state of the union transcript
Since President Obama's State of the Union Address Tuesday night, there have been a lot of articles dissecting his remarks and picking his proposals apart. As you might suspect, the vast majority have been politically charged by one side of the aisle or the other.
As Chief Investment Strategist for Money Map Press, I can't afford the luxury of taking sides. It's my job to help the hundreds of thousands of investors who are part of our family with their money...politics aside.
If you're with me, then I've got five bullet points - key takeaways really - from the president's speech that can help you grow your money this year and for the remainder of President Obama's second term.
Minimum Wage Increase: Obama's Proposal and Realities
In his State of the Union address Tuesday night, President Barack Obama urged Congress to raise the minimum wage from $7.25 to $9, saying the move would reduce poverty and stimulate the economy.
"Tonight, let's declare that in the wealthiest nation on Earth, no one who works full-time should have to live in poverty, and raise the federal minimum wage to $9 an hour," President Obama said. "This single step would raise the incomes of millions of working families. It could mean the difference between groceries or the food bank, rent or eviction, scraping by or finally getting ahead.
"For businesses across the country, it would mean customers with more money in their pockets. And a whole lot of folks out there would probably need less help from government."
- The 2012 State of the Union Tax Reforms That Could Affect You