Progressives will be expecting the government to deliver on its ambitious social agenda, and will note that this could be easily funded on the revenue side by implementing a modest corporate tax increase, by scaling back the so -
called middle class tax cut, and by setting more ambitious targets for the promised Liberal review of tax loopholes for the most affluent.
The proceeds of the new top income tax rate will be recycled entirely into a proposed so -
called middle class tax cut which in fact heavily favours the top 10 % and weill not even cover the cost of the middle class tax cut.
Not exact matches
While Bush's business - themed policy proposals will likely offer a mixture of traditionally Republican
tax cuts and so -
called trickle down economics, he's likely to define his views on how to support the
middle class, lift up the lowest wage workers, and close the income gap, which would continue on the themes he started talking about earlier this year.
By contrast to the so
called middle -
class tax cut which favours the more affluent, the CCB will have a positive impact upon the lamentably high rate of child poverty in Canada (which stood at 16.5 % in 2013), and will promote greater income equality among families with children.
Over at Forbes, Louis Woodhill
calls focusing on the
middle -
class «divisive,» so one guesses that proposing
cutting taxes on high - earners really brings people together.
«I'm supporting Todd because he delivered for Nassau County families — passing 12 weeks of paid family leave, winning a $ 15 minimum wage for New Yorkers, $ 1 billion in
tax cuts for
middle class families, and $ 20 million in new funding for our schools this year,» Obama says in the
call.
And his support of the so -
called tax «reform» deal last December (along with the entire Senate GOP, it's worth noting) that ended up
cutting middle class taxes, but also raising
taxes on the state's wealthiest residents — albeit less than a straight reinstatement of the millionaire's
tax would have — didn't win him many friends on the right, either.
UFT President Michael Mulgrew appealed to delegates at the April 13 Delegate Assembly to join and bring colleagues along for a big action on Thursday, May 12, to
call on the wealthy to pay their fair share of
taxes instead of
cutting services to the
middle class and the safety net for the poor.
Blumenthal
calls the bills a bait and switch, saying they transfer wealth from the
middle class to the rich,» because they make promises of
tax cuts that will terminate for the
middle class in the Senate bill, and they amount to crumbs compared to the massive amounts that would go to the wealthiest.»
Announcing a deal on the state budget last Friday, Gov. Andrew Cuomo mentioned a
middle -
class tax cut and extension of the so -
called «millionaires»
tax» almost as an afterthought.
Local leaders are joining with Congressman Paul Tonko to
call on President Obama and the New York Congressional delegation to fight for a fair deal on the «fiscal cliff» that protects Social Security, Medicare, Medicaid and ensures the wealthiest 2 % pay their fair share in
taxes, while maintaining
tax cuts for the
middle class.
Local leaders joined with Congressman Paul Tonko to
call on President Obama and the New York Congressional delegation to fight for a fair deal on the «fiscal cliff» that protects Social Security, Medicare, Medicaid and ensures the wealthiest 2 % pay their fair share in
taxes, while maintaining
tax cuts for the
middle class.
He's also outlining what he
calls «the largest
tax change» since President Ronald Reagan —
cutting the corporate
tax rate to 15 percent, a «big»
middle -
class income
tax cut and simplifying
taxes.
He urged government downsizing,
middle -
class tax cuts, and welfare reform — all mainstays of his 1992 platform — and reiterated his
call for a grassroots campaign against teenage pregnancy.
The so -
called Big 6
tax reform outline, developed by the Trump administration, the two chairs of the House and Senate
tax - writing committees, and the leaders of the House and Senate, is expected to aim at making the code simpler and more attractive for investment while
cutting taxes for the
middle class.