Tag Archives: middle class

They’d better hope shoe polish isn’t poisonous after all that bootlicking

From Chris Cillizza:

(CNN)—Congressional Republicans gathered at the White House Wednesday afternoon to celebrate the passage of a major tax cut bill with President Trump. It was a love-fest.

history of the world part 1

Front row: Orrin Hatch Middle row: Lisa Murkowski, Twitler, Diane Black Standing: Tim Scott, Kevin Brady, Mike Pence, Eddie Munst…I mean, Paul Ryan, Kevin McCarthy

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When you say self-serving, you’ve said it all!

From NBC News:

Sen. John McCain, R-Ariz., threw his support behind the Republican tax plan Thursday, boosting the bill’s chances of passage.

McCain said that while the Senate bill is “far from perfect,” he believes it will “enhance American competitiveness, boost the economy and provide long overdue tax relief for middle class families.”

The Maverick added, “But my wife Cindy inherited a Budweiser fortune, so fuck all that shit about working together and gimme those tax cuts!!”

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100% Ridiculous

From POLITICAL HOTSHEET at CBS NEWS:

Over the past several weeks, hundreds of Americans have submitted personal tales of economic hardship on the “Occupy Wall Street”-affiliated Tumblr “We are the 99 percent.” Now, conservatives who oppose the Wall Street protests have an answer to it in the form of their own Tumblr, entitled “We are the 53%.”

According to the Washington Post, the blog was conceptualized by Redstate.org founder Erick Erickson, who collaborated on it with the Texas Public Policy Foundation’s Josh Trevino and conservative filmmaker Mike Wilson.

The Tumblr claims to represent the 53 percent of Americans who pay federal income taxes – the implication being that those associated with “Occupy Wall Street” are not also part of that 53 percent and do not pay federal income taxes.

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Giving Herman a Pizza His Mind

From Timothy Egan at Opinionator at The New York Times:

By almost any measure — social, political, economic, logical — Herman Cain’s 9-9-9 tax plan is nuts, nuts, nuts. Go ahead and jack up the price of nearly everything that moves in the United States with a 9 percent national sales tax on all new purchases and services. Talk about instant branding: every time you buy something, you’ll be hit with the Herm Cain tax at the checkout line.

And this is just the start. The nearly 50 million filers whose main federal tax is now a payroll deduction and not an income tax would see their overall bill from the government increase by nearly 100 percent. This conclusion comes from the economists and fact-checkers who have actually looked at the napkin sketch of a plan Cain got from some accountant friend of his in Cleveland.

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I woulda thought of a really cool title, but I was preoccupied.

From Bloomberg Businessweek:

Oct. 11 (Bloomberg) — Democrats are rallying around the Occupy Wall Street demonstrators, seeking to channel the movement’s energy into votes in the 2012 elections by sharpening contrasts with Republicans who criticize the protests.

“If you’re concerned about Wall Street and our financial system, the president is standing on the side of consumers and the middle class,” senior White House adviser David Plouffe said when asked about the demonstrations during an interview today on ABC’s “Good Morning America.” “And a lot of these Republicans are basically saying, ‘You know what? Let’s go back to the same policies that led to the Great Recession in the first place.’”

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Middle Class? More Like No Class

From abc NEWS:

Mitt Romney may be a multimillionaire, but on Wednesday he set his net worth aside and declared himself a member of “the great middle class.”

“We ought to provide help to the people who have been hurt most by the Obama economy. And that’s the middle class,” Romney said at a town hall meeting in Miami. “It’s not those at the very low end; it’s certainly not those at the very high end. It’s for the great middle class — the 80 to 90 percent of us in this country.”

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The Cain Scrutiny

From THE WALL STREET JOURNAL:

GOP presidential candidate Herman Cain has a plan to fix the economy.  Just don’t ask him to tell you who helped him write it.

In an interview on Fox News Sunday, Mr. Cain declared that �some of the best economists in this country helped him develop the plan, which he has dubbed the 9-9-9 plan because it would create a 9% flat tax on business and personal income and create a 9% national sales tax.

But Mr. Cain repeatedly refused to name those bright minds when pressed by the show’s host, Chris Wallace.

My unnamed sources have told me where Herman’s unnamed economists come from and why he won’t say who they are.
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