Obama calls for taxes, investments

Delivering a broad defense of tax increases on the wealthy to help pay America’s bills and finance new investments, President Obama used his final pre-election State of the Union address Tuesday to urge Congress to act, warning that he was prepared to leave them behind if they fail.

Taking a brief victory lap for some of the accomplishments of his first three years, including rescuing the auto industry, ending the U.S. mission in Iraq and the killing of Osama bin Laden, Mr. Obama focused largely on the broad, populist themes he has struck repeatedly in recent months — that all Americans deserve a fair shot at economic success if they work hard and play by the rules.

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