Obama's Call for Tax Increases
ROMANS: President Obama gives his annual State of the Union Address to Congress and White House aides out in force on the Sunday talk shows, pushing the president's marquee proposal tax cuts for the middle class. The president wants to make sure middle income earners benefit from recent improvements in the economy and he wants the cuts paid for with tax and fee increases on banks and wealthy Americans. That plan had Republicans out in equal numbers to say not a chance. CNN's Erin McPike is at the White House.</s>ERIN MCPIKE, CNN CORRESPONDENT: Christine, President Obama is unlikely to get what he wants here because of how he wants to raise the revenue. Let's talk about that. He wants to raise tax rates on capital gains and dividends right now. That rate is 20 percent. He wants to raise it to 28 percent. He also wants to impose a new fee on large financial institutions. As you can imagine, this was big talk on the Sunday morning shows. Dan Pfeiffer, a senior advisor to President Obama, was on NBC's "Meet the Press" and then Republican Congressman Jason Chaffetz was on CNN's "STATE OF THE UNION." And as you will hear here, they were on very different pages.</s>DAN PFEIFFER, WHITE HOUSE SENIOR COUNSELOR: A simple proposition that now that the economy is in a stronger place it's been in a very long time, we need to double down on our efforts to deal with waste stagnation and declining economic mobility. And so, the simple proposition that we should ask the wealthy to pay a little more and invest more in the middle class, give the middle class a raise.</s>REP. JASON CHAFFETZ (R), UTAH: It's a nonstarter. We're not just one good tax increase away from prosperity in this nation. This nation had its all-time highest, the record number of receipts coming into the Treasury. Are you going to actually grow the economy and jobs, are entrepreneurs going to be better off, or small businessmen are going to be better off with more taxes and more government? No.</s>MCPIKE: But here are the tax cuts that President Obama ultimately wants to offer. He wants to give a tax credit for dual income families up to $500, and then, also, he wants to triple the child tax credit to $3,000. Now, keep in mind also that this is just a starting point and we'll be hearing a lot about this over the next few months as both Republicans and President Obama wrangle over tax reform -- Christine.</s>ROMANS: All right. Erin McPike, thanks for that. Secret Service and the FBI investigating who fired multiple gunshots from a car outside the sealed perimeter around Joe Biden's house in Delaware over the weekend. The vice president and his wife were not at home at the time. Agents have been searching for bullets and shell casings. Police reported a second shooting nearby a short time later. 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