Posts tagged as:

middle-class

Black Friday, Indeed, for Congress: Vote Looming

19 November 2010

Democratic leaders met this week to talk turkey and decided on two things: A vote on the Bush tax cuts won’t happen until after Thanksgiving; and The Bush tax cuts will be extended for those making $250,000 or less. And that’s all we have. That means there’s a lot, obviously, that we don’t know. Here [...]

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Boehner: If Loving Obama Is Wrong, Then I Don’t Want to Be Right

13 September 2010

Okay, maybe he didn’t take it *quite* that far. But taking a break from his earlier position, House Minority Leader John Boehner (R-OH) has signaled that he would vote for President Obama’s plan to extend the Bush tax cuts only for the middle class. But then he added a big “if.” Boehner said he would [...]

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Senators Talk Tax Hikes on the Hill

23 June 2010

Wait? You mean we just can’t keep cutting taxes and increasing spending? That’s the word from Majority Leader Steny Hoyer (D-MD). Hoyer indicated on yesterday that tax cuts for the middle class which are set to expire at the end of the year might only be extended for one year. Making them permanent would cost [...]

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Obama Says No To Middle Class Tax Increase

3 August 2009

It was just a matter of time before Obama made a statement rebutting the suggestion from Geithner that a tax increase on the middle class was imminent. Apparently, a matter of time means less than a day. Today, President Obama’s press secretary Robert Gibbs was quick to clarify that statements made over the weekend by [...]

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Is Geithner Copping to a Tax Increase for the Middle Class? Hardly.

2 August 2009

When President Obama was running for office, he pledged not to raise taxes on the middle class. Is he about to go back on his word? Pundits are screaming that tax cuts for the middle class are “imminent.” I don’t know that I’d go that far. What all of the hullaballoo is focusing on is [...]

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The Middle Class in America Isn’t Happy

23 July 2008

There has been a lot of talk about which presidential candidate has the best tax plan for “middle class” America. It’s an interesting question because I’m not sure that anyone can actually define “middle class” anymore – my readers seem to feel that it’s all over the place. Middle class – as it’s widely defined [...]

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$300,000 Is Rich: Don’t Deny It

20 June 2008

Guest Post by: Kate Olson This article in a recent BusinessWeek magazine instantly made me bristle – “Taxing the Not-So-Rich Rich” makes the case that families bringing in a combined income of greater than $250,000 aren’t necessarily wealthy and shouldn’t be taxed as such under presidential nominee (D) Barack Obama’s proposed tax plan. This plan [...]

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Ask the taxgirl: Private school tuition

25 February 2008

Taxpayer asks:My daughter attends an independent private elementary school. We pay around $10,000 a year in tuition. Is it deductible? Taxgirl says: Thanks for writing. This is actually one of my pet peeves in tax policy. You don’t get a break for paying for private school tuition: if you pay for private or parochial school, [...]

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Does Mitt Romney Favor Stay at Home Moms?

8 November 2007

Mitt Romney has said publicly that parents who home school their children should get a federal tax credit to help offset the expense of teaching. “I also believe parents who are teaching their kids at home, homeschoolers, deserve a break, and I’ve asked for a tax credit to help parents in their homes with the [...]

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Buffet is critical… of the rich?

2 November 2007

I’m been following the conversations on Warren Buffet and his concerns about the tax system and have to say that I find it fascinating. When one of the wealthiest men in the world criticizing our tax system as “tilted towards the rich,” it’s time to take notice. See what else Buffet has to say:

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