Tumblr Icon RSS Icon

“Middle Class” Tax Cuts

By Matthew Yglesias on September 8, 2010 at 12:15 pm

"“Middle Class” Tax Cuts"

Share:

google plus icon

I know I saw this on some of the other wonky progressive blogs last week (or maybe the week before) but it didn’t really hit home until I saw it again. The point is that when we talk about a distinction between the “Bush tax cuts for the rich” and the “middle class tax cuts” it’s misleading to think of the latter as a package of steps that doesn’t help rich people. Indeed, as CBPP observes the largest beneficiaries of the administration’s plan to extend the middle class tax cuts would be rich people:

8-13-10tax-f11

Republicans claim that they won’t agree to this package of tax cuts for rich and middle class people unless Democrats also agree to large additional tax cuts that exclusively benefit rich people. But there’s apparently a bipartisan consensus that rich people—not just the middle class—should pay lower taxes in the 2010s than they paid in the 1990s.

Tags:

‹ PREVIOUS
Choices

NEXT ›
Gender, Wages, and Immigration

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.