Obama wants carried interest to be treated as ordinary income. The result: wealthy fund managers could pay a rate as high as 39.6%, or more than 2.5 times the rate they pay now.
The proposal is estimated to raise $16 billion over 10 years.
Raise Medicare premiums: Currently, higher income Americans pay more in premiums than the average enrollee for Medicare Parts B and D. Those are the Medicare programs that cover doctor visits and drug costs.
The higher premiums are paid by individuals with incomes over $85,000 ($170,000 for married couples) -- a lower threshold than typically considered high income.
Obama has called for a further increase in their premiums by 2017.
He also made a second proposal that would capture even more people. Right now, the $85,000/$170,000 income thresholds are frozen through 2019 and then will start to adjust for inflation.
But Obama has proposed to freeze those thresholds until 25% of all Medicare beneficiaries meet them.
Currently only about 5% of those in Part B and 3% in Part D are already paying higher premiums, according to the Kaiser Family Foundation.
The proposal would raise an estimated $50 billion over 10 years.