Democratic Tax Cut Plan Does Expand Middle-Class and Poor Tax Cuts, Paid for By Increases on the Wealthy

By: Tuesday July 24, 2012 11:09 am

While I’ve gone over how the Democratic and Republican tax plans scheduled to get a vote in the Senate this week are in many ways similar, I did not identify the points of difference, which are substantial in their own way, particularly in the direction that money would flow under the two plans. In particular, [...]

Congress Returns to Cut Safety Net Spending to Save Defense Contractors

By: Monday May 7, 2012 7:34 am

Like me, Congress was out of town last week. I guess the main difference is that they get 20 or so of these a year and I get one, but no matter. Today, at least, we start from the same position. And so what do they have planned for the next few days? Well, in [...]

Santorum’s America: No Birth Control but Lots of Free Money for Babies

By: Tuesday January 3, 2012 12:16 pm

With Rick Santorum poised to do well in Iowa today and perhaps play at least a barely-plausible role as an anti-Romney challenger for the GOP nomination, it’s worth looking for a moment at his priorities. Santorum’s tax policy would probably cause less inequality than his rivals. He wouldn’t eliminate the capital gains tax, only reduce [...]

The Tax Cut Deal Through the Lens of Class

By: Monday December 13, 2010 7:36 am

The New York Times calculates that a large portion of the benefits in the tax cut deal will flow to the middle and upper-middle class. Because the Social Security payroll tax phases out at $106,000, those in the upper-middle class benefit as much from that as billionaires. And the AMT patch saves these families from [...]

Obama’s Narrow Middle Class Agenda Will Take Center Stage In SOTU Address

By: Monday January 25, 2010 2:45 pm

Today the President spoke at the Middle Class Task Force about a series of initiatives he will propose at the State of the Union Address later this week. Here are some of these steps, from an Administration fact sheet: 1. Nearly Doubling the Child and Dependent Care Tax Credit for middle class families making under [...]

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