"“Middle Class” Tax Cuts"
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:
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.