What Was Obama HINTING At In HIS Speech?

[hfojvt]

34. so I see from your post here

that you agree with Obama that many of the rich are actually middle class.

As for taxes going up on the real middle class.

There were ways to prevent that besides keeping a huge portion of the Bush tax cuts. See, for example,

http://www.democraticunderground.com/10021880321

But as for taxes going up on the poor - we can fix that. And we can fix that in much better ways than the 78% Bush tax cuts. Here are some suggestions

1. Increase the standard deduction by $5,000 per couple. This will save people at the bottom about $750 a year without being a windfall for the rich.

2. bring back the making work pay credit (without the extra damn form). That was a refundable $400 per person, $800 per couple, phased out for higher incomes.

3. increase the personal exemption by $500. Unfortunately the rich will benefit from that, but not by much more than the poor. It means $75 for the poor and only $197 for the rich. It would be a $2,000 automatic deduction for a family of four.

4. Re-introduce lower brackets. Say, a 5% bracket on the first $3,000 and a 10% bracket on the first $7,000 for individuals. The first would be a $300 tax cut for most taxpayers and the second would be another $200 for most taxpayers.

Of course, those proposals would NEVER be accepted by Republicans, but the trouble is, they were never even proposed by Obama and the useless Democratic Party which refused to even TRY to aid the bottom 80% except in trickle down fashion.

And NO, I never said that the middle class was wealthy. I just have a different definition of "middle" apparently. I only include the 20-80% group as the middle. That 80-98% group is part of the top 20%, not part of the middle 60%, and much less do they belong with the bottom 20% like the fools at OWS seem to think.