Sentences with phrase «millions of middle class»

New analysis of government data by the National Association of Home Builders (NAHB) reveals a connection between rising student loan debt and the onset of the housing slump, and offers yet another example of how lower home values have hurt millions of middle class households and threatens the fragile economic recovery.

«The HOME Act can go a long way by providing relief from this tax burden on millions of middle class families.»

The bill — Helping our Middle - Income Earners (HOME) Act --» recognizes that millions of middle class homeowners are struggling to keep up with rising household expenses like child care, college tuition, health care, mortgage and community assessments,» Eshoo says.

Worse, if you, like millions of middle class taxpayers, are subject to something called the «Alternative Minimum Tax,» you lose the ability to deduct any «Miscellaneous Deductions.»

«This is a Republican Tax Scam and the victims of Rep. Collins» vote are the millions of middle class families who will see their taxes go up, while corporations and the wealthy laugh all the way to the bank.»

He cut taxes for millions of middle class families, delivered a property tax cap, controlled state spending and promoted economic development.»

«We have led the way on controlling state spending, capping local property taxes, and soon, millions of middle class taxpayers will get to keep more of their income to invest and spend as they see fit.

«Most Americans would rather use these dollars to create millions of middle class jobs and redo our infrastructure than see the very wealthiest corporations and the very wealthiest individuals get a huge tax cut,» Schumer said.

Not exact matches

If a tiny portion of India's population reaches college educated, upper - middle class status, say 5 per cent — that's like 65 million people.

In other words, more than 300 million middle - class consumers with rising disposable incomes are propelling the consumption of China.

As an example, a cap of $ 500,000 in tax - free capital gains on any principal residence means that a home sold for $ 1 million that was purchased for $ 100,000 in 1985 say, would have $ 400,000 taxed at the owner's tax rate at the time of the sale (about 35 % for the average middle class Canadian).

(The Atlantic) Hundreds of millions of people in Asia, Latin America, and Africa have lifted themselves from destitution into something like the middle class.

Tsai said rising disposable incomes of China «s «over 300 million middle - class consumers» was helping drive the firm's online sales — and would continue.

Meanwhile, Hong Kong's Cheng Yu - tung has spent $ 570 million on five luxe properties — part of what some industry experts hypothesize will become a trend among wealthy Asians in expectation of the continent's middle class embracing global travel.

As a result of government investment and solid economic growth, 40 million of those people entered the middle class over the past decade.

Mexico's middle class now boasts more than 40 million people, surpassing the total population of Canada.

In October 2015, the investment bank reported that, for the first time, the size of China's middle class had exceeded that of America's middle class, 109 million to 92 million.

The United Nations Population Division and Goldman Sachs recently reported that by 2030 China would have about 1.4 billion members of what the World Bank defines as the middle class, compared to 365 million in the U.S. and 414 million in western Europe.

And in a country of more than 150 million people, even a proportionally small middle class like Bangladesh's can be quite large in terms of absolute numbers and buying power.

Taken as a whole, the tax bill would not only increase taxes for millions of middle - class families but would also have disastrous effects on people's health care.

He addressed this problem a bit by lowering the bottom rate to 10 percent from 12 percent in the campaign plan, but it's still likely that a Trump proposal that includes these elements will result in a tax increase for millions of middle - class people, and the lower standard deduction doesn't help:

We have major investments in Mexico and, with a middle class of 44 million people, Mexico is a market that will only increase.

The analysis does not include an additional cost of the legislation: its repeal of the individual mandate, which the Congressional Budget Office estimates could cause as many as 13 million fewer people to have health insurance, reducing federal spending for poor and middle - class Americans» health insurance by $ 338 billion over 10 years.

This group of super spenders is expected to see its population double over the next five years to 100 million households, and as an economic force they are poised to eclipse the impact of rising but less - wealthy consumers: Their consumption is currently growing at 17 percent a year, compared to just 5 percent among emerging - middle - class and middle - class consumers.

The Labor Department's new proposal to update the overtime - pay rules would give millions of American workers a toehold in the middle class.

The bursting of the housing bubble — which entailed a collapse in home values and a flood of foreclosures — and spiking unemployment led millions of Americans to realize that their «middle - class» lives were just a paycheck or two from evaporating.

They spent months trying to take away health insurance from millions of middle - class and poor families.

Doing business in Asia is a great opportunity for British Columbia (B.C.) companies: Asian economies are growing rapidly, creating millions of new middle - class consumers every year.

Now Obama will be paid off $ 10's of millions for his role in aiding and abetting the transfer of trillions from the middle class to the elitists.

But is you don't have the kind of cash lying around that it takes to bribe high level politicians (i.e millions), you are middle class.

«Eliminating or significantly modifying this deduction will lead to higher tax burdens for tens of millions of middle - class taxpayers of every political affiliation, an outcome contrary to the stated goal of providing meaningful relief to taxpayers,» said the letter co-signed by outgoing NCSL President Deb Peters, of South Dakota.

There was a one week period in mid-july, coinciding perfectly with the peak of the Shanghai Composite, that middle class Chinese people opened up more than half a million brokerage accounts.

China should be attractive to small U.S. companies, due to the market's size, rising consumption in the country and an increasing fondness for American products among China's young and growing middle class of over 300 million consumers.

In the long run the Chinese economy will continue to grow and millions of Chinese citizens will urbanize and become middle - class consumers.

«China will have a nation of more than 200 million middle - class people in next 10 to 20 years,» Ma said.

Green also reminded the Congressional members present that the «unregulated OTC derivatives market was at the heart of the 2007 - 2008 financial crisis, which cost 8.7 million Americans their jobs, 10 million families their homes, and eliminated 49 percent of the average middle - class family's wealth compared with 2001 levels.»

However, in «The Chinese Middle Class: 110 Million Is Not Enough» (Nov. 2007 Insight), we explained that China was not yet far enough along the road to industrialization to have a big enough middle class of free spenders to sustain economic growth if exports fell with U.S. consumer spending, as we were prediMiddle Class: 110 Million Is Not Enough» (Nov. 2007 Insight), we explained that China was not yet far enough along the road to industrialization to have a big enough middle class of free spenders to sustain economic growth if exports fell with U.S. consumer spending, as we were predicClass: 110 Million Is Not Enough» (Nov. 2007 Insight), we explained that China was not yet far enough along the road to industrialization to have a big enough middle class of free spenders to sustain economic growth if exports fell with U.S. consumer spending, as we were predimiddle class of free spenders to sustain economic growth if exports fell with U.S. consumer spending, as we were predicclass of free spenders to sustain economic growth if exports fell with U.S. consumer spending, as we were predicting.

Parochial schools are supported by church funds in addition to tuition, not tax dollars, providing in many areas a reasonable alternative for working class and middle class parishioners and removing these millions of students from the public education system paid for by taxpayers.

It is a brand - new day; millions of middle - class Americans are coming home on Friday night with no job to go to on Monday morning.

It should therefore come as no surprise that millions of unemployed middle - class Americans are discovering that when they lose their work, they run out of self - esteem.

The 15 million who listen to rush and think he speaks for the middle class are on the wrong side of history.

If Obama weren't good for the American Middle Class they wouldn't be spending 100 $ of Million $ of Dollar $ to distort his record, discredit him and defeat him!

The fact that a largely middle - class church was able to commit several million dollars to this enterprise is, I submit, a sign — imperfect, fleeting, and perhaps grudging — of the church's recognition of the disorder of the times and the calling of Christians to participate in the reordering of social systems.

In a country with an educated white population of over four million, with a middle class mixed race group of about two million, and the largest black middle class in Africa (admittedly a small part of the total black populace), the largest single print run is under half a million, for the weekly Sunday Times.

the equally mindless endorsement of all types of domestic radical isms from the Black Panthers to Greenpeace, the insouciant acceptance of millions of abortions as simply an expression of the right to choose, not to mention the other (less tangible) damage done to many lives by the brashs social engineering of new middle - class professionals (for instance.

Historic Protestantism in Latin America, says David Martin (1990:230), «provided a vehicle of autonomy and advancement for some sections of the middle class, conspicuously so in Brazil... This Protestant seed came with its flowerpot - «the world view, the ethos and the ideology of the... expanding capitalist countries»... The whole Protestant style remained remote from the largely illiterate millions.»

There are 300 million upper - and - middle - class consumers of processed and packaged food in the country, and another 200 million are expected to shift by 2010.

Join one of the biggest markets: Asia represents 2/3 of the worldwide population and is gaining 20 million new middle class people per year in China alone.

The rapid growth of emerging economies will see billions of people transition out of poverty and into the middle income classes.73 By 2022, China's middle class alone could rise from 300 million to 630 million, accounting for 45 % cent of China's population.74 This income growth will occur in parallel with urbanisation.

At the same time, the World Bank estimates that income growth across the emerging markets will generate a middle class of 1.15 billion people in 2030 — up from 430 million in 2010.