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Democrats and Republicans Play Chicken Over Bush Tax Cuts

(July 27) -- Over at The New Republic, Jonathan Chait has a good preview about how the next legislative battle, the Bush tax cuts, is likely to play out. He describes it as a game of chicken between Democrats, who have pledged not to raise taxes on people earning less than $250,000 a year, and Republicans, who Chait...

Who Exactly Counts as Middle Class?

(Feb. 28) -- Vice President Joe Biden knows what he wants to do to help the middle class, and on Friday he laid out a series of proposals to help them. But does he -- or anyone -- know what middle class is? Is it Americans earning less than $250,000 -- who President Obama promised to protect from tax increases? Is it...

Opinion: The Middle Class Still Has It Pretty Good

(Feb. 3) -- In the run-up to the release of his new budget, President Barack Obama painted a dire picture of the middle class. It has, he said, "been under assault for a long time ... barely able to stay afloat despite working harder and harder for less, [with health care] premiums that were doubling, tuition fees that...

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middle class income News From the Web

04/18/12 What is a Middle Class Income? Middle Class Family? Source: Bargaineering We hear a great deal about the middle class.
03/13/12 Middle class income eroded since 2007 Source: Globes "Average income for a middle class household rose between 1997 and 2010/11 more than prices of most goods and services. With that, since 2007, the prices of housing services, rent, food, electricity, gas, and water have increased by more than the increase in income," states the Bank of Israel ) today in excerpts from its upcoming Annual Report.
09/26/11 Middle class income falls ... but not everywhere Source: CNNMoney For the typical American household, income fell during the recession.
09/19/11 middle class income declined ... Source: Cape May County Herald - Rio Grande NJ Recent release of 2010 census data underscores the point, the middle class median household income peaked in 1999 and began a steady downward trend even before the recession hit.