middle class News

middle class News From AOL News

Left Despairs as Fight on Tax Cuts Appears to End

(Nov. 11) -- Bowing to Republican wishes, David Axelrod tells The Huffington Post the Obama administration will accept an extension of the Bush-era tax cuts for everyone, including those making over $250,000. "We have to deal with the world as we find it," Obama's top political adviser said. "I don't want to trade away...

Opinion: Look Who's Winning Under Obamanomics

(Oct. 25) -- Throughout his presidential campaign and into his first two years in the White House, President Barack Obama portrayed himself as a champion of the middle class, ready to wage battle with big business and Wall Street fat cats to make sure the wealth got "spread around." Back in March 2008, at a speech given...

Opinion: More Stimulus Money Won't Help the Economy

(Sept. 21) -- Fiscal policy is deadlocked. So, apparently, is monetary policy. The Fed's decision today to keep short-term interest rates near zero is no surprise. What's odd is its apparent decision not to boost the economy by buying hundreds of billions of bonds -- despite its acknowledgment that "the pace of recovery...

Boehner Says He'd Support a Middle-Class Tax Cut

WASHINGTON (Sept. 12) - House Minority Leader John Boehner says he would vote for President Obama's plan to extend tax cuts only for middle-class earners, not the wealthy, if that were the only option available to House Republicans. Boehner, R-Ohio, said it is "bad policy" to exclude the highest-earning Americans from tax...

Democrats May Keep Bush Tax Cuts for Rich

(Sept. 2) -- While Democrats may complain about the tyranny of the filibuster and lack of majority rule in our congressional system, when it comes to preserving the Bush tax cuts for the rich, it's likely to be their own party members who are responsible. President Barack Obama has indicated that he'd like to see the cuts...

Background on middle class

The middle class is a class of people in the middle of a societal hierarchy. In Weberian socio-economic terms, the middle class is the broad group of people in contemporary society who fall socio-economically between the working class and upper class.

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