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In reply to the discussion: What Was Obama HINTING At In HIS Speech? [View all]hfojvt
(37,573 posts)it was all "middle class", "middle class", "middle class"
He also sneaked in a Reaganomics line "we made tax cuts permanent for 98% of taxpayers."
Thank you President Reagan!!
Aren't tax cuts just great? Isn't it great that BOTH parties are now always in favor of tax cuts?
And that 98% number illustrates the problem with all the talk about the "middle class".
Because Obama apparently includes the 80-98% group as part of the "middle class". Even though they are economically better off than 80% of the rest of us. Those permanent tax cuts that Obama was bragging about - 65% of the benefits goto the top 20%. I call that trickle down. I call that a policy that favors the rich over the masses.
I remember when Democrats used to oppose tax cuts that favor the rich. Now they brag about them.
My, how things have CHANGEd.
Just not in the way I HOPEd for.