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middle class
Democrats and Obama: No Wonder He's Torn
By Robert and Donna Trussell - Politics DailyFollow the Trussell cartoons on Twitter at ChaosTheoryPD ...
House Passes Middle-Class Tax Cuts Over GOP Objections
By Patricia Murphy - Politics DailyThe House of Representatives voted 234 to 188 Thursday to permanently extend the Bush tax cuts on incomes up to $250,000. Also included in the bill were a two-year delay of the Alternative Minimum Tax, an elimination of the marriage penalty tax, and permanent increases to the child tax credit and the earned-income tax credit. Twenty Democrats voted against the bill, and three Republican supported it. Although the bill passed, a vocal minority of Republicans objected to an earlier vote by House Democrats to prevent GOP members from offering their own bill to make the tax cuts permanent for ...
Left Despairs as Fight on Tax Cuts Appears to End
By not in system - AOL News
(Nov. 11) -- Bowing to Republican wishes, David Axelrod tells The Huffington Post the Obama administration will accept an extension of the Bush-era tax cuts for everyone, including those making over $250,000. "We have to deal with the world as we find it," Obama's top political adviser said. "I don't want to trade away security for the middle class in order to make that point." It's discouraging news for liberals who had been pushing for a middle-class-only tax cut and a significant victory for ascendant Republicans who already seem to be holding sway. Here's the buzz in the ...
Obama on 'The Daily Show' -- or Was It 'House of Wax'?
By Robert and Donna Trussell - Politics DailyFollow the Trussell cartoons on Twitter at ChaosTheoryPD ...
Opinion: Look Who's Winning Under Obamanomics
By John Merline - AOL News
(Oct. 25) -- Throughout his presidential campaign and into his first two years in the White House, President Barack Obama portrayed himself as a champion of the middle class, ready to wage battle with big business and Wall Street fat cats to make sure the wealth got "spread around." Back in March 2008, at a speech given on Wall Street, for example, he said that in the past, "we let the special interests put their thumbs on the economic scales. The result," he said, is "a market that favors Wall Street over Main Street." In September of that year, he argued that "for too long, [the Bush] ...
How Obama Stopped Worrying and Learned to Love the Oligarchy
By Robert and Donna Trussell - Politics DailyFollow the Trussell cartoons on Twitter at ChaosTheoryPD ...
Robert Reich's Advice to Obama: Pick Fights, Connect Dots on the Economy
By Jill Lawrence - Politics DailyRobert Reich has watched one president after another lose his voice once he's in Washington, surrounded by aides with what Reich calls "an instinct for the capillary" and little feel for the simple overarching narrative that makes perfectly clear what you are trying to accomplish. Don't get him wrong. The Berkeley public policy professor, a veteran of the Ford, Carter and Clinton administrations, said in an interview that Barack Obama is "a wonderful president" with "a superb temperament" for whom he has "enormous respect." There was a slight pause before he continued. "I would rather he be ...
Opinion: More Stimulus Money Won't Help the Economy
By not in system - AOL News(Sept. 21) -- Fiscal policy is deadlocked. So, apparently, is monetary policy. The Fed's decision today to keep short-term interest rates near zero is no surprise. What's odd is its apparent decision not to boost the economy by buying hundreds of billions of bonds -- despite its acknowledgment that "the pace of recovery in output and employment has slowed in recent months," and that prices are rising too slowly for comfort (i.e., we might be facing deflation). Every indicator suggests third-quarter growth will be as slow if not slower than in the second quarter. Consumer confidence is ...
Boehner Says He'd Support a Middle-Class Tax Cut
By not in system - AOL NewsWASHINGTON (Sept. 12) - House Minority Leader John Boehner says he would vote for President Obama's plan to extend tax cuts only for middle-class earners, not the wealthy, if that were the only option available to House Republicans. Boehner, R-Ohio, said it is "bad policy" to exclude the highest-earning Americans from tax relief during the recession. But he said he wouldn't block the breaks for middle-income individuals and families if Democrats won't support the full package. Income tax cuts passed under President George W. Bush will expire at the end of this year unless Congress acts and ...
Labor Day and Unions: Making America Work
By James Grady - Politics DailyThis Labor Day, America's unions face a back to school autumn that will redefine their relevance in our river of politics and power. The historic relevance of unions is easy to see: The country got a big boost through the success of union workers like public school teachers who, along with dog-hated mailmen, spend their middle-class paychecks and thus enhance our middle-class economy. Now America's whole middle class is in trouble. Pick your set of statistics or ideological argument from the left or the right to back up what all of us know: If you're stuck in the middle, you're holding ...
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