House passes tax cuts 234 - 188 for middle class
 

Re: House passes tax cuts 234 - 188 for middle class
 

am i considered middle class ? lol

Re: House passes tax cuts 234 - 188 for middle class
 

I think middle class is far far away, 250k will still only benefit people in the top 5%.... that's the influence of what the super rich make, and the 2% tax increase would still be projected to bring in $700 billion... that's just crazy.

Re: House passes tax cuts 234 - 188 for middle class
 

what? i thought tax cuts for middle class people had already passed... and reps were trying to extend it to 250k and above, im lost. or is 250k and above considered middle class?

Re: House passes tax cuts 234 - 188 for middle class
 

The house passed the bush tax cuts for individuals earning less then 200k or families earning less then 250k.

Democrats want to pass that same bill, but republicans want to include everyone, which would cost an additional $700 billion and give millionaires tax cuts, they are holding the unemployed and the middle class or lower hostage until they accept bush tax cuts for everyone.

Here is the problem, and quoting one of the senators.

The average earning for the richest 400 in the US is $344 million each, that amounts to about $7 million each.

doing a little math each tax break for the richest 400 would be the equivalent of 140 employee salaries at 50k each, that amounts to about 5600 jobs for a year, and that is one their personal earnings, not corporate earnings or anything like that, personal, for their private use in their individual bank accounts and only the richest 400.

Re: House passes tax cuts 234 - 188 for middle class
 

wow, dam this sucks, i don't want it to pass but at the same time we need Dream

Re: House passes tax cuts 234 - 188 for middle class
 

yey i don't get to pay taxes, i was one dollar away from 250,000