top headlines. >> president obama will speak tonight, the state of the union address will stop michael waldmanichael, you have been there to draft these addresses. i am a little curious -- i was sort of shocked to read the plan when it was released this weekend where, you know, in the past, the president tinkered around in the edges come a little bit about the corporate jetsdebts. this time he is completely committed to raising the tax. famed investor, explained to bill janeway why it makes sense to raise capital gain rates? >> i realized all my investing with capital gains well over 30%. you can do very well with a 30%, 35% capital gains rate, i promise you. >> i am really fascinated by this because this was the rate under reagan. it is not unprecedented. >> exactly, we got into this nonsense of a spiral to the bottom whether it is the inheritance taxes and the notion that you should have a step up. that's a step up of debts instead of capital gains being on cost if you inherit, if you get the golden spoon when you are born you are born on third base, the cost is stepped up of what you inheri

waldman for the latest. i have to get home to brooklyn tonight to see my baby girl. and michael to get more snow -- m.r.i.o get more snow? >> it looks like the worst is wrapping up across parts of new york -- a parts of the northeast. here is a closer view of what we got. the biggest problem in new york city will be the wind and the drifting snow. not much accumulation left over. travel bans have been lifted. new york city has been removed from was at warnings. here's a look at wind gust over the last hour. 46 miles per hour's in new york city. 30 miles per hour in boston. you can have blizzard conditions about snow falling. gusty wind, very cold air and low visibility because of snow getting blown around. because of all the wind we have real feel temperatures below zero in boston. 13 below in burlington. 23 degrees at this hour in d.c.. still feeling it in new york city, especially as far as the wind goes. boston, portland, into bangor, we are in the thick of the storm. watch out for strong wind and white out conditions. accumulations to the rest of the day could be one to two feet from massachusetts int