He raised taxes on the middle class, broke the public unions and killed proposed legislation for universal health care.
Most public-sector pay would be frozen in 2011, various middle-class breaks would go, rich people's taxes would rise and everyone would have to wait a year longer before getting their state pension (see article).In this section Wake up Europe!
And they said the GOP tax plan would be another giveaway to the wealthy, while taking away middle-class breaks.
WASHINGTON -- The House of Representatives made its election-year arguments Wednesday in the tax-cut battle roiling Capitol Hill, rejecting a plan to preserve middle-class breaks while backing a measure that safeguards wealthier taxpayers.
With less revenue available, Democrats fear that if Congress ever does get around to trying to simplify the tax code, it'll be that much harder to preserve the middle-class breaks that they favor -- such as mortgage interest deductions, child tax credits, and earned income tax breaks.
And while right-leaning economists emphasize that the plan would provide a tax cut for the average American, opponents respond that certain high-earners will face an increase and that some in the middle class may break even only by reducing their coverage.
Robo advisors exist because only software can serve the middle class and break even.
We can't chip away at America's middle class and break the promise we make to our seniors.
In other words, Pelosi's proposal gives its "middle class tax break" to people who make up to 25 to 37 times as much as those in the national "middle," depending on how you calculate it.
Some Republicans have already conceded that if the country goes over the cliff, Americans will likely place the blame on the GOP caucus, a scenario that would force them to accept the middle class tax break sought by Democrats.
