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 :).
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