Thursday, March 13, 2008

Dems Stick it to the Middle Class Again

Don't the Dems know that it is the Middle Class that is losing their houses and can barely afford to send their kids to college?
Under both Democratic plans, tax rates would increase by 3 percentage points
for each of the 25%, 28% and 33% brackets. At present, the 25% bracket begins at $31,850 for individuals and $63,700 for married couples. The 35% bracket on
incomes over $349,700 would jump to 39.6%.

So this would catch millions of Americans and force them to shell out another $1911 per family per year while they are incurring piles of debt. I guess that Obama middle class tax cut of $500 for singles and $1000 for families is the same thing as a store having a $100 off sale and then raising their prices by $300. One step forward and three steps back.

An extra $159.25 a month paid out in taxes might be a back breaker for many families. I thought they were supposed to be getting rid of so-called "tax cuts for the rich." I guess rich in the Democratic mind starts at $31,850 a year.

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