The New York Times’ document dump on Donald Trump’s taxes is vomit-inducing.

A White House tax plan released over the weekend promises to rekindle a long-simmering debate over how to use the tax code to close income gaps between the wealthy and the middle class.

At a minimum, the plan represents President Barack Obama ’s opening bid to congressional Republicans in a potential negotiation over a comprehensive rewrite of the tax code, including the rules for individual taxpayers. Sharply negative reactions from GOP lawmakers suggested it is unlikely that many of Mr. Obama’s ideas would become law in the current GOP-run Congress.

Republican lawmakers are already signaling they will do what they can to block President Barack Obama's pitch for tax increases on the wealthiest Americans.

Obama is making that pitch to a huge television audience in hopes of putting the new Republican Congress in the position of defending top income earners over the middle class.

As Obama continues to signal what he will propose during Tuesday's State of the Union address, senior administration officials said during the weekend that he will call for raising th

President Barack Obama will call for increasing taxes on the wealthiest Americans by raising the capital gains rate and eliminating a tax break on inheritances, then using the revenue to fund new tax credits and other cost-saving measures for the middle class.

The president’s proposals are likely to be cheered by the Democratic Party’s liberal base, but the tax increases are all but certain to be non-starters with the new Republican majority on Capitol Hill.

President Barack Obama will call on the new Republican-led Congress to raise taxes on investments and inherited property and to create or expand a range of tax breaks for middle-income families, laying out an opening position in a debate over taxation that both parties see as a potential area of compromise.

Mr. Obama will outline the measures in his State of the Union address Tuesday night. He will propose using revenue generated from the tax

President Obama plans to propose raising $ 320 billion over the next 10 years in new taxes targeting wealthy individuals and big financial institutions to pay for new programs designed to help lower- and middle-income families, senior administration officials said Saturday.

In his State of the Union address Tuesday night, Obama will propose raising the capital gains and dividend tax rates to 28 percent for high earners; imposing a fee on the liabilities of about 100 big financial institutions; and

Despite Americans seeing a two percent jump in their Social Security taxes and less money in their bank accounts after the fiscal cliff deal was signed via auto pen on behalf of President Obama last week, the White House is pretending rates stayed the same. In an email to supporters yesterday, White House Senior Adviser David Plouffe wrote:

Call them the cliff jumpers.
A growing bloc of emboldened liberals say theyre not afraid to watch defense spending get gouged and taxes go up on every American if a budget deal doesnt satisfy their priorities.

Read more: http://www.politico.com/news/stories/1112/84207.html#ixzz2DMZjjIqP

Several congressional Republicans said Sunday that they would be open to increasing the amount of money the government collects in taxes, with a senior Republican member of the U.S. Senate going so far as to say he is willing to break his earlier promise to not support tax hikes in any form.

The White House warned Monday that the average family will pay $2,200 more in taxes next year if Congress does not freeze tax rates for the middle class, publishing a new report as part of President Obamas campaign to extend tax cuts for most Americans while allowing taxes on the wealthiest to rise.