Posts tagged ‘middle class’

August 1, 2012

The Daily Scoop: Studies reveal Romney-GOP plans place burdens on poor & Seniors

Romney tax plan would shift burden to poor

NEW YORK (CNNMoney) — Mitt Romney’s tax plan would provide large tax cuts to the very wealthy, while increasing the tax burden on the lower and middle classes, according to a study released Wednesday.

The report — produced by researchers at the Urban-Brookings Tax Policy Center — illustrates just how difficult it would be to recoup government revenue lost under Romney’s plan.

The presumptive Republican presidential nominee’s tax plan calls for 20% cuts to today’s Bush-era income tax rates. He would also eliminate the Alternative Minimum Tax.

Those tax cuts would lead to a sharp decline in government revenue. Yet Romney insists he will make up the difference in-part by limiting deductions, exemptions and credits currently available to top-level income earners.

read more »

Advertisements
May 26, 2012

Poll Update: Romney Wins with Struggling White Voters

Given the ex-governor’s “rich man” image one must respond to this post’s headline with a resounding “WHY?” Throughout the primaries Romney has struggled to relate to the middle class. He’s tried, but those attempts have shown only how incapable he is of comprehending the issues people who make less than a quarter of a million dollars year face daily, let alone what it takes to feed a family of 3 on $30,000 a year. From his $10,000 bet with Rick Perry to his “corporations are people” defense to his lament to NASCAR fans that he doesn’t watch “…as closely as some of the most ardent fans, but I have some friends who are NASCAR team owners”, Mitt simply cannot become that “every-man” the way the middle-class raised Obama can.

read more »

April 16, 2012

The Daily Scoop: For Most, Choice of Stay-at-Home Mom Is No Luxury

By Susan Saulny

The layoff notice was not a complete surprise. At the shipping center in Denver where Jeanine Maez filled mail orders, the trend had been toward paperless transactions.

But how Mrs. Maez reacted to being unemployed in 2004 was a revelation, even to herself: she decided not to look for a new job in favor of staying home full time with her five children, the youngest of whom, a son, is 11.

“The years of ‘winging it’ with my husband in terms of taking care of the kids had been too hard, and I was tired,” she said. “And my youngest son, who is autistic, needed his mama.”

To make ends meet, Mrs. Maez, 44, sold her car, paid off her credit card debt and disciplined herself to spend more modestly on clothes and household goods. Her husband, a private investigator, took a second job selling insurance. “Whatever it takes to make a buck,” she said. “My sweet honey struggles a lot to make it work for us.”

read more »