(Bloomberg) — President Barack Obama reached into his party's progressive past to deliver a robust endorsement of higher taxes for the wealthy, government intervention in the economy and an array of new benefits for lower- and middle- income Americans.

"Will we accept an economy where only a few of us do spectacularly well? Or will we commit ourselves to an economy that generates rising incomes and chances for everyone who makes the effort?" Obama said in a State of the Union address Tuesday night that at times sounded more like a party-rallying convention speech.

His direct appeal to taxing the rich and giving to the poor is a sign of just how mainstream populism has become at a time when 2016 presidential hopefuls, including Democrat Hillary Clinton and Republican Mitt Romney, are talking about how to help those left behind.

"We've seen a rhetorical shift from some Republican candidates for president in 2016. Tonight the president called their bluff and said here's my agenda for addressing income inequality," said Seth D. Harris, a former acting Labor secretary under Obama. "He issued a challenge to congressional Republicans and the long list of Republicans who want to be president in 2016 to lay out their agendas for addressing those issues."

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.