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Keyword: middleclass

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  • They Know What’s Coming, White House Prepares for Terrible December Inflation Data with Prepared Script

    01/11/2022 3:25:18 PM PST · by george76 · 73 replies
    The Conservative Treehouse ^ | January 11, 2022 | sundance
    The snowball effect of cumulative inflation is going to be on display tomorrow when the BLS inflation data from December is released. We have previously discussed the unavoidable price increases as noted within the November data Here, and within the producer price data Here. While the data being released tomorrow is backward looking, we are in the eye of the inflation storm right now. The consumer prices at end of January and through February are all reflecting new purchase order prices and contract prices to wholesalers, buyers and retailers. As a result, the December reports will be the precursor to...
  • IRS data proves Trump tax cuts benefited middle, working-class Americans most

    12/04/2021 11:29:03 AM PST · by yesthatjallen · 37 replies
    The Hill via Yahoo ^ | 12 04 2021 | Staff
    President Biden and congressional Democrats' Build Back Better (BBB) Act is now in the hands of the Senate. That legislative body's 50-50 partisan split will undoubtedly make the bill's passage difficult. In order for BBB to become law, Democratic Senate leadership will need to convince moderates such as Sens. Kyrsten Sinema (D-Ariz.) and Joe Manchin (D-W.Va.) that the legislation's $2.4 trillion price tag can be offset by expanding the IRS and its enforcement efforts while imposing substantial tax reform measures. Congressional Democrats have argued that one of the best ways to pay for the legislation is to raise taxes on...
  • FNC’s Carlson: ‘Our Formerly Middle-Class Nation Now Has a Serf Class — They Are the Ones Wearing the Masks’

    08/24/2021 7:23:05 AM PDT · by ChicagoConservative27 · 12 replies
    Breitbart ^ | 08/24/2021 | Jeff Poor
    Monday on FNC’s “Tucker Carlson Tonight,” host Tucker Carlson decried the double standard policymakers have set for themselves and the ones for which they set policies, especially regarding the pandemic. While not adhering to the rules they have made for everyone else, Carlson declared the middle class has now become the “serf class.”
  • REVEALED: Biden's 'middle-class death tax' that means widows' families could get far less of their estate - and could break his promise not to hike rates for Americans making less than $400K a year

    06/16/2021 10:49:18 PM PDT · by knighthawk · 17 replies
    UK Daily Mail ^ | June 17 2021 | ROB CRILLY
    President Biden has promised not to raise taxes on anyone earning less than $400,000 but plans to end an inheritance loophole could do just that, according to a new analysis that suggests a widow with nothing to pass on to her children but her home could be badly hit by proposals that would leave the Bidens' personal fortune untouched. Tucked away in Biden's American Families Plan is a revision to the way capital gains taxes are paid on estates when people die. Critics have dubbed it a 'middle-class death tax' and say it will mean thousands of people having to...
  • Need Definitive Reagonomics Info

    12/20/2002 11:33:29 AM PST · by Lee'sGhost · 13 replies · 515+ views
    12/20/02 | Lee'sGhost
    I'm looking for definitive articles and op/eds that explains or defends the concept that Pres. Reagan authored the U.S.'s best economy in history -- just in time for Clinton's term of office.
  • Biden's 'Go Big' Plan Will Leave America's Middle-Class "Addicted To Government... & The Democratic Party"

    04/29/2021 8:35:17 PM PDT · by SeekAndFind · 9 replies
    The Liberty Beacon ^ | 04/29/2021 | Tyler Durden
    The Wall Street Journal Editorial Board said it best: Biden's latest $1.8 trillion plan rejects the old social contract of work for benefits...So much for the “safety net” to prevent poverty.This is now about mainlining benefits to middle-class families so they become addicted to government - and to the Democratic Party that has become the promoting agent of government....All of this adds up to healthy guaranteed annual income largely untied to the social contract that requires work, which is the real path to independence and self-respect.The new taxes are destructive, but their impact will take time to be felt as...
  • Why Are Biden and Democrats Carrying Out the Murder of the Middle Class?

    04/18/2021 4:48:11 AM PDT · by Kaslin · 46 replies
    Townhall.com ^ | April 18, 2021 | Wayne Allyn Root
    Back in 2014, I wrote a book titled "The Murder of the Middle Class." Don't look now, but it's happening. Back then, I was referring only to the murder of middle-class jobs and the American Dream. Today, Democrats appear to want the middle class eliminated altogether. They're not just after our jobs; they're playing Russian roulette with our lives. I'm dead serious (excuse the pun). Biden -- or, more likely, the real decision-makers behind the man who resembles a braindead puppet -- really does appear to be carrying out the murder of the middle class. Let's start with COVID-19. If...
  • NEW SONG!! "The Middle Class is Getting SCREWED " | Buddy Brown | Truck Sessions

    03/26/2021 2:27:17 AM PDT · by Eleutheria5
    Buddy Brown ^ | 25/3/21 | Buddy Brown
    Great new song.
  • The Middle Class Will End Up Paying For The Left’s War On The Rich

    02/09/2021 12:11:52 PM PST · by Kaslin · 34 replies
    The Federalist ^ | February 9, 2021 | Jason Rantz
    As the war on the rich continues to escalate on both coasts, it's the middle-class residents of blue states that will be stuck with the tab.The war on the rich is escalating on both coasts. While Democrats argue they’re righteously demanding the wealthy pay their fair share, it’s the middle class who will pay the biggest price. Legislation labeled a “wealth tax” targets the wealthy. In Washington state, billionaires would be hit with a 1 percent tax on intangible assets. New York’s legislation includes tax hikes on income, capital gains, inheritance, and even stock trades. Seattle state Rep. Noel Frame...
  • The Coming Revolt of the Middle Class

    01/29/2021 8:44:54 AM PST · by Jan_Sobieski · 24 replies
    CharlesHughSmith.blogspot.com ^ | Charles Hugh Smith
    That's how Neofeudal systems collapse: the tax donkeys and debt-serfs finally rebel and start demanding the $50 trillion river of capital take a new course. The Great American Middle Class has stood meekly by while the New Nobility stripmined $50 trillion from the middle and working classes. As this RAND report documents, $50 trillion has been siphoned from labor and the lower 90% of the workforce to the New Nobility and their technocrat lackeys who own the vast majority of the capital: Trends in Income From 1975 to 2018. Why has the Great American Middle Class meekly accepted their new...
  • Gingrich: Middle Class Have Been the ‘Big Losers’ in Pandemic; Says $2,000 Checks Will ‘Help’ Struggling Americans

    12/29/2020 9:35:14 AM PST · by ChicagoConservative27 · 32 replies
    Breitbart ^ | 12/29/2020 | Trent Baker
    As Congress weighs to increase coronavirus stimulus checks to individuals from $600 to $2,000, former House Speaker Newt Gingrich on Tuesday joined President Donald Trump’s call to increase the payout in the coronavirus stimulus checks from $600 to $2,000. On FNC’s “Fox & Friends,” Gingrich acknowledged the importance of balancing the federal budget but said that middle-class Americans have been the “big losers” from the shutdowns put in place to help mitigate the spread of the coronavirus, particularly in Democratic states. He added that $2,000 checks would “help” the average American struggling from the “mess” created by some governments.
  • Presidential Debate #1: Biden Doubles Down on Promise to Raise Taxes on Middle-Class Earners

    09/29/2020 8:53:02 PM PDT · by SeekAndFind · 7 replies
    Townhall ^ | 09/29/2020 | Reagan McCarthy
    During Tuesday’s first presidential debate between President Trump and former Vice President Joe Biden, the Democrats’ nominee vowed to raise taxes on average Americans. The former vice president said, as he previously has, that in the first days of a Biden administration, he would undo the landmark taxes cuts signed into law by President Trump in 2017. The Tax Cuts and Jobs Act, crafted by Republicans in Congress, cut taxes for every bracket, and overwhelmingly for the middle class. Joe Biden: “I’m going to eliminate the Trump tax cuts” Joe Biden’s tax plan shows he is completely out of touch...
  • From Dust Were Ye Made and Dust Ye Shall Be

    07/28/2020 5:15:18 AM PDT · by NOBO2012 · 10 replies
    MOTUS A.D. ^ | 7-28-20 | MOTUS
    Sparrows were ubiquitous when I was very young, they nested in our garage, filled neighborhood trees and lent their rather tuneless chatter to the soundtrack of growing up middle class in middle America in the middle of the last century.  I sing because I’m happy, I sing because I’m free, For His eye is on the sparrow, And I know He watches me. You know, back when men were men, women were free to be women and even the below average children learned in school that America was good and communism was bad. Rather than the other way around. Sparrows...
  • The Two Middle Classes

    03/01/2020 4:39:50 PM PST · by CheshireTheCat · 20 replies
    Quillette ^ | February 27, 2020 | Joel Kotkin
    Politicians across the Western world like to speak fondly of the “middle class” as if it is one large constituency with common interests and aspirations. But, as Karl Marx observed, the middle class has always been divided by sources of wealth and worldview. Today, it is split into two distinct, and often opposing, middle classes. First there is the yeomanry or the traditional middle class, which consists of small business owners, minor landowners, craftspeople, and artisans, or what we would define historically as the bourgeoisie, or the old French Third Estate, deeply embedded in the private economy. The other middle...
  • Trump: 'Very Big' Tax Cut Planned for US Middle Class In Interview with Maria Bartiromo

    01/22/2020 12:45:14 PM PST · by SeekAndFind · 39 replies
    NewsMax ^ | 01/22/2020 | Sandy Fitzerald
    A "very big" tax cut for middle-class Americans will be announced over the next 90 days, President Donald Trump said in an interview Wednesday. "We will make that permanent for the middle class," Trump told Fox Business' Maria Bartiromo in an interview from the World Economic Forum in Davis, Switzerland, where he also added that further initiatives are coming on healthcare. "We've done well with health care. We got rid of the individual mandate. That was a thing people couldn't do, they couldn't afford it, they didn't want it," said Trump. "They were forced to pay a number and not...
  • Democrats Peddle Doom, but the Middle Class Never Had It So Good

    12/31/2019 3:53:32 AM PST · by Kaslin · 26 replies
    Townhall.com ^ | December 31, 2019 | Stephen Moore
    These days, when you listen to the gloom of the media and many of the presidential candidates, you have to wonder what country these Debbie Downers are talking about. Former Vice President Joe Biden recently declared, "The middle class is getting crushed. And the working class has no way up." Sen. Bernie Sanders stews that President Donald Trump's policies have brought "handouts for billionaires and hunger for the poor." Mayor Pete Buttigieg claims that many working families are struggling so much financially they don't have enough income to be able to "afford a two-bedroom apartment." The Washington Post says that...
  • Democrats Seek To Outlaw Suburban, Single-Family House Zoning, Calling It Racist And Bad For The Environment

    12/30/2019 3:18:25 PM PST · by Roman_War_Criminal · 50 replies
    Daily Caller ^ | 12/23/19 | Luke Rosiak
    Democrats in Virginia may override local zoning to bring high-density housing, including public housing, to every neighborhood statewide — whether residents want it or not. The measure could quickly transform the suburban lifestyle enjoyed by millions, permitting duplexes to be built on suburban lots in neighborhoods previously consisting of quiet streets and open green spaces. Proponents of “upzoning” say the changes are necessary because suburbs are bastions of segregation and elitism, as well as bad for the environment. The move, which aims to provide “affordable housing,” might be fiercely opposed by local officials throughout the state, who have deliberately created...
  • Here's How Unaffordable NYC Homes Really Are

    12/16/2019 6:37:54 PM PST · by GuavaCheesePuff · 72 replies
    Patch ^ | March 29, 2019 | Patch
    NEW YORK — Many New Yorkers may dream of buying a home, whether it's a Brooklyn Heights brownstone or an almost suburban house in eastern Queens. But a new report suggests housing is unaffordable for the typical worker in all five boroughs. In the report published Thursday, ATTOM Data Solutions crunched housing and wage numbers for 473 of the nation's more than 3,000 counties nationwide. It determined affordability by assuming a 28 percent maximum "front-end" debt-to-income ratio. That means a buyer purchasing an affordable home would not be spending more than 28 percent of their income on house payments including...
  • Trump economy is really experiencing a middle-class boom -- this data doesn't lie

    11/07/2019 7:04:19 AM PST · by knighthawk · 12 replies
    Fox Business ^ | November 07 2019 | Steve Moor
    I recently wrote op-eds that ran in the Wall Street Journal and on these pages that showed median household incomes under Donald Trump have soared from $61,000 to an all-time high of $66,000 in less than three years into the Trump presidency. This is tremendous news and documents substantial middle-class prosperity in Trump’s first three years in office. The $5,003 rise in middle-class incomes is especially impressive given that incomes only rose by $1,200 in the seven years under Obama — after the recession ended. If the media, liberal think tanks and Democrats in Congress were truly concerned about the...
  • Warren releases 'Medicare for All' plan with no tax hike on middle class

    11/01/2019 11:37:37 AM PDT · by yesthatjallen · 26 replies
    The Hill ^ | 11 01 2019 | Naomi Jagoda and Jessie Hellmann -
    Sen. Elizabeth Warren (D-Mass.) on Friday released a new plan laying out how she would pay for her "Medicare for All" proposal that would not directly raise taxes on the middle class, responding to pressure and criticism from other Democrats in the presidential race. The plan is a shift from Warren's progressive rival in the 2020 primary, Sen. Bernie Sanders (I-Vt.), who has said tax hikes on the middle class will be necessary to help pay for Medicare for All. “We don’t need to raise taxes on the middle class by one penny to finance Medicare for All,” Warren wrote...