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Middle Class

This tag is associated with 9 posts

Mitt Romney Completely Blindsided By Loss

via John Dickerson, Slate Mitt Romney says he is a numbers guy, but in the end he got the numbers wrong. His campaign was adamant that public polls in the swing states were mistaken. They claimed the pollsters were over-estimating the number of Democrats who would turn out on Election Day. Romney’s campaign was certain … Continue reading

Venezuela: Hugo Chávez Wins Third Term Amid Historically High Turnout

via William Neuman, The New York Times President Hugo Chávez, long a fiery foe of Washington, won re-election on Sunday, facing down cancer and the strongest electoral challenge of his nearly 14 years in office and gaining a new mandate to deepen his socialist revolution. Though his margin of victory was much narrower than in … Continue reading

Mitt Romney Thinks ‘Middle-Income’ Is $200K Or Less

via Steve Peoples, The Boston Globe Mitt Romney is promising to reduce taxes on middle-income Americans. But how does he define ‘‘middle-income”? The Republican presidential nominee defined it Friday as income of $200,000 to $250,000 a year and less. The definition of ‘‘middle income’’ or the ‘‘middle class’’ is politically charged as Romney and President … Continue reading

Congressman Honda: Paul Ryan’s Budget Would Destroy The American Dream

via Congressman Mike Honda (D-CA), Politix This election year Americans are faced with a difficult decision on how to best move our country forward. Among the proposals to address our economic challenges and federal deficit is one filled with extreme, regressive, and deeply cynical policy choices: that of congressman and vice presidential nominee Paul Ryan. … Continue reading

Republican Platform Approved By GOP In Tampa

via Philip Elliot and Alan Fram, The Huffington Post Republicans emphatically approved a toughly worded party platform at their national convention Tuesday that would ban all abortions and gay marriages, reshape Medicare into a voucher-like program and cut taxes to energize the economy and create jobs. The document opens by warning that while the American … Continue reading

U.S. Congressional Budget Office Warns Of Worse Economic Wreckage From “Fiscal Cliff”

via David Lawder, Reuters Massive U.S. government spending cuts and tax hikes due next year will cause even worse economic damage than previously thought if Washington fails to come up with a solution, the Congressional Budget Office warned on Wednesday. Without action by Congress to avoid a “fiscal cliff,” Americans should expect a “significant recession” … Continue reading

Poverty In U.S. On Track To Be Highest Since 1960s

via Hope Yen, The Huffington Post The ranks of America’s poor are on track to climb to levels unseen in nearly half a century, erasing gains from the war on poverty in the 1960s amid a weak economy and fraying government safety net. Census figures for 2011 will be released this fall in the critical … Continue reading

In Suburban America, Middle Class Begins To Confront Poverty

via Izhar Harpaz, Dateline, MSNBC The small communities that dot the picturesque mountain landscape outside Boulder, Colorado conjure up an image from long before the great recession. Here the manicured lawns and expensive cars are a testament to the achievements of a fiercely independent and educated middle class; a 21st century version of suburban bliss. … Continue reading

Romney And Perry Headed For Tax War

via Rachel Weiner, The Washington Post A fight appears to be brewing between Texas Gov. Rick Perry and former Massachusetts governor Mitt Romney over tax policy. On Wednesday, Perry declared that he would be coming out with a flat-tax plan next week. In Iowa Thursday morning, Romney said the flat tax has “positive features” but … Continue reading

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