{"id":16964,"date":"2016-04-09T09:17:00","date_gmt":"2016-04-09T16:17:00","guid":{"rendered":"http:\/\/69.46.6.243\/?p=16964"},"modified":"2016-04-09T09:17:01","modified_gmt":"2016-04-09T16:17:01","slug":"president-obamas-weekly-address-playing-by-the-same-rules","status":"publish","type":"post","link":"https:\/\/new.thepinetree.net\/?p=16964","title":{"rendered":"President Obama&#8217;s Weekly Address: Playing by the Same Rules"},"content":{"rendered":"<p>Washington, DC&#8230;Hi everybody. Over the past seven years, we haven\u2019t just been recovering from crisis, we\u2019ve been rebuilding our economy on a new foundation for growth \u2013 growth that benefits everybody, not just folks at the top. Our businesses have created jobs for 73 straight months \u2013 14.4 million new jobs in all.  We\u2019ve covered another 20 million Americans with health insurance. We\u2019ve helped more Americans afford college, and invested in industries that create good jobs that pay well, like clean energy. And wages are finally rising again. <\/p>\n<p><iframe loading=\"lazy\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/CVRO4jZD5es\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<p>But there will always be more work to do. And this week, my Administration took two big steps that will help make sure your hard work is rewarded, and that everybody plays by the same rules.  <\/p>\n<p>First, we\u2019re helping more Americans retire with security and dignity. Right now, if you go to a retirement advisor for investment advice, some of them don\u2019t have to act in your best interest. Instead of telling you the best way to save your hard-earned money, these advisors can get backdoor payments from big companies for steering you toward investments that cost more and earn you less. As a result, when you retire, you might be missing out on tens of thousands of dollars \u2013 because your advisor got paid more to give you bad advice. <\/p>\n<p>If that seems wrong, that\u2019s because it is. That\u2019s why the Department of Labor just finalized a rule to crack down on these kinds of conflicts of interest.  And a lot of Wall Street special interests aren\u2019t very happy about it. But across the country, this new rule will boost working folks\u2019 retirement savings by billions of dollars a year. And it will level the playing field for the many good advisors who do work in their clients\u2019 best interest.  <\/p>\n<p>Second, the Treasury Department took action to crack down on big corporations that change their address overseas after acquiring smaller companies, in order to reduce their tax bill here at home. It\u2019s a loophole called \u201ccorporate inversion.\u201d  And it means that American companies can take advantage of America\u2019s technology, America\u2019s infrastructure, America\u2019s workers \u2013 but then, when it comes to paying their fair share of taxes, suddenly claim they\u2019re not American companies after all. That\u2019s why, this week, the Treasury Department made it more difficult for companies to exploit this loophole and stick the rest of us with the tab.  <\/p>\n<p>Together, these steps build on the work we\u2019ve already done to make our tax code fairer and consumer protections stronger. Because I believe that rather than double down on policies that allow a few at the top to play by their own rules, we should build an economy where everybody has a fair shot, everybody does their fair share, and everybody plays by the same set of rules.  <\/p>\n<p>That\u2019s what this country is all about. That\u2019s what we\u2019ve been working toward these past seven years.  And that\u2019s what I\u2019m going to keep fighting for as long as I\u2019m your President. <\/p>\n<p>Thanks everybody. Have a great weekend. <\/p>\n<p>###<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Washington, DC&#8230;Hi everybody. Over the past seven years, we haven\u2019t just been recovering from crisis, we\u2019ve been rebuilding our economy on a new foundation for growth \u2013 growth that benefits everybody, not just folks at the top. Our businesses have created jobs for 73 straight months \u2013 14.4 million new jobs in all. We\u2019ve covered [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_cbd_carousel_blocks":"[]","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[20,5,1],"tags":[],"class_list":["post-16964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-government","category-news","last_archivepost"],"jetpack_featured_media_url":"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2015\/12\/whitehouselogo200.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/16964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16964"}],"version-history":[{"count":0,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/16964\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/media\/13330"}],"wp:attachment":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}