Friday, October 26, 2012

**LAST BLOG POST... LOWER CLASS INCREASE STARTING TO APPEAR?**

Hello everyone, and welcome back to your weekly source for all current American social class news. Unfortunately, this will be the last blog post :( But as always you can always find up-to-date news on this topic on the news, internet, etc.

This week we will look at an interesting article that focuses mainly on the mostly ignored lower class. So far, since this recession has hit our country it seems as though all that is being talked about is how the rich are getting richer and the expansion of the middle class growing extremely large.This article is based on a recent study that shows that about 1/3 of Americans believe that they are now in the lower class. Not only that, but they also think that they were in this position before the official Recession hit. This is a very hard concept for most Americans to comprehend since we are predominantly middle class in this country. If we start to become a nation where lower class predominates, then we may lose our first-world status. Both candidates currently promise a tax break for middle class, yet no word has been said for the lower class. We will most likely see a lower or higher shift in the lower class population after the election.

THANKS EVERYONE FOR READING ALL OF MY BLOG POSTS!

ENJOY YOUR WEEKLY SOCIAL CARTOON.

Wednesday, October 17, 2012

**PRESIDENTIAL DEBATE TALKS TAXES ON MIDDLE CLASS**

WELCOME BACK TO ANOTHER EXCITING SOCIAL CLASS BLOG POST!
Last night, during the presidential debate, in which citizens were allowed to personally ask the candidates questions, a frequent topic that arose was the topic of tax cuts. You can read and watch one of the discussions here. Most people in the audience that asked a question spoke about how they were in the middle class and wanted to know how their tax burdens would be reduced by both candidates. Both Romney and Obama agreed on lowering taxes for the middle class, however Romney believed that the taxes for the highest-income citizens would stay the same, while Obama believed that citizens earning over $250,000 should have a tax increase to help reduce the deficit. Both candidates claimed that the other's tax plan would increase the deficit. As of right now, it seems as though, according to their campaign promises, that whomever is elected society will see a break given for the middle class and potential tax raises in the higher class. So far no mention has been made as to the financial opportunities for the lower class. 
THANKS FOR READING!

Enjoy your weekly Social Class cartoon :) 

Wednesday, October 10, 2012

Obama and Romney (Big Brother Protectors?)

WELCOME BACK TO ANOTHER EXCITING DIVE INTO THE SOCIAL CLASSES OF AMERICA!
This week, we will look at an article that deals with the two current 2012 candidates for presidency and the one factor of their campaigns that they both share: their views on the Middle Class.
In this article, Obama and Romney both claim to promise that if elected President they will reduce taxes on the Middle Class, whom according to them would be any persons making between $50,000 and $250,000 annually. Economist Diane Lim Rogers of the Concord Coalition is skeptical of these claims since the definition for middle class is so broad these days. Romney promises to offer tax relief to the middle class and to not raise investment tax rates on high-income households, despite the fact that investment tax rates are among the most costly tax breaks to federal coffers. While Obama wants to spare 98% of Americans from any tax increases by extending their Bush-era tax cuts. He also wants to make permanent expanded tax breaks for low- and middle-income Americans. 

We will ultimately see the results for the Middle Class this upcoming January when one of these two candidates takes office. 

Enjoy your weekly cartoon :).