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He has already mothballed plans to make tax relief on pensions less generous for the better off.
Mr Obama has already proposed a modest increase in Medicare premiums for the affluent, and numerous bipartisan proposals would make Social Security less generous for richer beneficiaries.
Those subsidies would become less generous for many in the lower middle class, while for the upper middle class as a whole, the bill would be a wash.
Many motorways, bridges and buildings across southern Europe should have "Thank you, Brussels" emblazoned across them.Yet the current wave of applicants fear that in future the EU will be markedly less generous, for two reasons.
The transfer of income from the poor to the affluent was partly due to changes to benefits and tax credits which make them less generous for the bottom and middle of the income scale.
Pills, though, are usually covered by prescription drug plans, which are typically much less generous; for expensive cancer pills, patients might face huge co-payments or quickly exceed an annual coverage limit.
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Nonetheless, if the city's budget situation deteriorates, as many experts predict, and if the mayor starts taking tougher actions — like laying off workers or pushing for less generous pensions for future employees — then, labor leaders warn, they will put up a fight.
United Healthcare Workers East, agreed to a wage freeze for next year, but also — in a move that parallels Mayor Michael R. Bloomberg's proposal for municipal employees — accepted less generous pensions for future hires.
Higher marginal tax rates resulting from the bill's less generous formula for indexing the tax code for inflation would reduce labor supply.
In addition, the bill would use a less generous formula for indexing the tax code for inflation, thus gradually raising individual income taxes across-the-board.
However, be aware that these programs are typically far less generous than for federal loans, are generally one-time-use only, and may lead to substantial interest consequences.
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CEO of Professional Science Editing for Scientists @ prosciediting.com