At the heart of America's economic resurgence stands the grit and resilience of America's middle class. It's what has fueled our economic comeback and will help ensure that all Americans -- not just a fortunate few -- benefit from the progress we've made since the Great Recession.
Thanks to the hard work of the American people and the policies that President Obama has pursued, we have rebuilt our economy on a foundation of what works: middle-class economics.
A key pillar of this foundation is ensuring a simpler, fairer tax code that invests in middle-class families. So, ahead of the State of the Union address on January 20, President Obama announced his plan to eliminate loopholes that let the wealthiest and big corporations avoid paying their fair share in taxes and invest those savings to help middle-class families strengthen their standing in the 21st-century economy.
Here's what the President will reform:
Here's what the President will do with the savings from these reforms: