This past week, Obama addressed the nation with the State of
the Union address. The theme of his speech, “An America Built to Last”,
explained to all American’s what Obama’s plan was to better our country as a
whole. A major part of Obama’s speech was his plan to better the American
economy. The way that Obama wants to execute this plan includes bettering the
American business, yet being involved with trade agreements in countries around
the world and also in-sourcing jobs back to the American economy so that we can
sell our products on a global scale. Some of the proposals that Obama has to
support American business would be to lower tax rates for companies that do
business within the United States, require companies to pay a minimum tax on
overseas profits, double the tax deductions for high-tech manufacturers who
make production in the United States, and provide financing help for companies
who relocate to communities that lost factories during the economic recession.
From a sociological perspective, the inequality of incomes
in America (the 99% vs. the 1%) is a huge social and national problem. Rather
than global, but by being a national problem, we can find ways to solve it by
being involved with the rest of the world. Obama has signed three trade
agreements (as stated in the state of the union address.) These trade
agreements are with South Korea, Colombia, and Panama. The agreement with South
Korea is estimated to support 70,000 American jobs, and the agreement with Colombia
is suggested to increase the United States gross domestic product by $2.5
billion. A third agreement with Panama guarantees access to Panama’s $20.6
billion services market.
Obama has also proposed the “Buffett Rule” which states that
if an individual makes over 1 million dollars per year, they must pay at least
thirty percent in taxes. Currently, a quarter of millionaires pay a lower tax
rate than millions of middle class families. This rule also states that if an
individual has a salary of less than $250,000, their taxes should not go up. This
could greatly solve the inequality struggle within the United States.
There are many other proposals that Obama mentioned in his
state of the union address, but unfortunately I’d be writing for days if I wanted
to break down every part of that. The main focus here is that our President
wants not to eliminate the global market, but make the United States a bigger
part of that market by in-sourcing American jobs to therefore create more
products and goods to sell to other countries around the world. From a
sociological perspective, these proposals are logical, but there must be
cooperation from many different components of the government, American people,
corporations, big businesses, small businesses, and many other components. As
the president stated at the end of his speech, we must all work together, just
like the Navy Seals that worked together to accomplish the capture of Osama Bin
Laden.
source: http://www.barackobama.com/state-of-the-union?source=DNC_HDL
source: http://www.barackobama.com/state-of-the-union?source=DNC_HDL
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