President Obama plans to use his State of the Union speech toCongress to highlights plans to reduce the nation's economicinequality while noting the creation of the Consumer FinancialProtection Bureau and other administration achievements to help themiddle class.

One of his guests at the Tuesday night speech will be investorWarren Buffett's secretary. Buffett has noted that under thecurrent tax code he pays a lower rate than his secretary and Obamaplans to propose a change to the tax code that guaranteesmillionaires pay a certain amount in taxes.

Obama told attendees at several campaign events that he wants topass policies that ensure that the country has an economy “thatworks for everyone, not just a wealthy few.”

He also touched on those themes when channeling former PresidentTheodore Roosevelt during a speech in Kansas in December.

While Obama plans to offer some proposals that requirecongressional approval, according to media reports he plans to talkabout steps he can take on his own.

One such step is the recess appointment he made of Richard Cordray as head of theCFPB earlier this month. Obama has said that he needed to actbecause Senate Republicans were blocking Cordray's confirmation andwithout a full-time head the CFPB couldn't exercise all of itsstatutory powers (given to it by the Dodd-Frank financial overhaulbill) to regulate non-bank entities and take other regulatoryactions.

Credit unions have long expressed frustration that while theyare heavily regulated, they compete against other financial serviceproviders that haven't faced as heavy a level of federalregulation.

The nationally broadcast speech is scheduled to begin at 9 p.m.ET.