The rich have been getting inexorably richer, while poor and middle class households are saddled with stagnant wages, unfair tax burdens, and mountains of debt. In an effort to stem the effects of roughly 40 years of corrosive economic policy, President Obama, whose tenure has largely rewarded the wealthy [PDF] at the expense of the poor, will use his State of the Union address to push for tax benefits for the middle class paid for by tax increases on the rich.

"The proposal faces long odds in the Republican-controlled Congress, led by lawmakers who have long opposed raising taxes and who argue that doing so would hamper economic growth at a time the country cannot afford it," the Times reports.

On Tuesday, the president will ask Congress to pay for increases in $50 billion in tax credits for middle and working-class Americans by taxing banks that have an obscenely large and precarious amounts of capital (assets over $50 billion) and the propensity to gamble with that capital, raising the top capital gains tax from 23.8% to 28%, and ending the "trust-fund loophole" that allows the wealthiest among us [PDF] to hide their money from taxation and ensure that it gets passed along to the next generation of plutocrats.

Obama's plan would ultimately raise $320 billion over the next decade, pay for his recent proposal to subsidized two years of community college for some students, and cut taxes by $175 billion for those who don't traditionally benefit from capital gains or the "trust-fund loophole."

So doomed is the president's proposal that The D.C. Hive Mind has already deemed it as merely a strategic tool for Democrats to use against Republicans in 2016, when the right people will surely be elected and everything will be much better.

While a few Republicans have at times supported pieces of the president's plan, the party of the Taft-Hartley Act, the Powell Memorandum, and the "Other 47%" will claim that the president's proposal to tax the richest Americans will hurt "small businesses."

“Slapping American small businesses, savers and investors with more tax hikes only negates the benefits of the tax policies that have been successful in helping to expand the economy, promote savings and create jobs,” Republican Senator and Chairman of the Finance Committee Orrin Hatch told the Times.

Speaking of the "Other 47%," it appears that the Democrats won't be the only ones cribbing the president's bold new strategy next year.