Sen. Bernie Sanders welcomed President Barack Obama’s  proposals to raise taxes on the wealthiest taxpayers and the largest financial firms and cut taxes for working families. The White House over the weekend outlined the proposal that the president will detail in Tuesday’s State of the Union address. “At a time of obscene levels of income and wealth inequality, President Obama's plan moves us in the right direction,” Sanders said.  “I look forward to working with the administration to adopt a tax system that eliminates unfair tax loopholes that only benefit the wealthiest people and largest corporations and to increase the take-home pay of working Americans.”