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Wednesday, January 21, 2015

Obama: ‘Middle-Class Economics,’ Defends Dodd-Frank

President Obama sounded an optimistic note on the economy during his State of the Union address last night, pitching Congress on middle-class-focused plans to improve access to community college and simplify the tax code. “We need a tax code that truly helps working Americans trying to get a leg up in the new economy, and we can achieve that together,” Obama said.

Touting the Dodd-Frank Act’s “new tools to stop taxpayer-funded bailouts,” as well as the growth of the CFPB, Obama threatened a veto should Congress pass any additional fixes to Dodd-Frank.

The president also emphasized the importance of protecting America’s critical infrastructure. He said:

We are making sure our government integrates intelligence to combat cyber threats, just as we have done to combat terrorism. I urge this Congress to finally pass the legislation we need to better meet the evolving threat of cyber-attacks, combat identity theft, and protect our children’s information.

Read the State of the Union address.

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