middle class

9-9-9, Take 2: Cain's Revamp Still Stings Middle Class

GOP presidential candidate Herman Cain unveiled several major changes to his popular 9-9-9 tax plan on Friday. The former Godfather's Pizza CEO even announced that those below the poverty line would pay no income taxes. But the middle class won't find much relief in Cain's fleshed-out plan.

Bachmann Proposes Tax Hikes for All -- Reagan Style

On Thursday, GOP presidential candidate Michele Bachmann may have inadvertently made one of the boldest moves of the 2012 primary campaign. Speaking on Fox News, the Minnesota congresswoman stated that she wants to adopt Ronald Reagan's tax plan, a rate structure that's much higher than current tax rates.

Is American Dream Slipping Away for Middle Class?

Every parent wants more for their child than they had for themselves. Ideally, each generation should move forward. But it's not a given in America. A middle class upbringing does not guarantee the same status over the course of a lifetime, finds a new study.

What Middle Class Voters Should Remember in 2012

The U.S. middle class is caught in a vice with falling wages on one side and rising costs on the other. Robert S. Kaplan, author of the business leadership book "What to Ask the Person in the Mirror" suggests five ways that politicians should be responding -- not specific policies, but mindsets that could lead to better ones.

Top Incomes Skyrocketed in 2009

During the depths of the recession in 2009, as millions of Americans lost their jobs, homes and life savings, the highest-paid earners in the United States saw their average incomes increase from $91.8 million in 2008 to a mind-boggling $518.8 million. That's $10 million per week.

Rich vs. Poor: How America's Wealth Is Divided

In an academic study, the majority of Americans polled advocated an unequal division of national wealth, with more cash going to the rich and upper middle class and less going to the poor and working class. However, the respondents ideal model of income and wealth distribution, though far from equal, came far closer to the reality of Sweden than the much more dramatic inequality found in the U.S.

U.S. Passes Small-Business Bill Pushed by Obama

The federal government today passed a bill designed to spur small-business lending by providing financial incentives to banks that make loans to smaller companies, marking a victory for President Barack Obama and his attempt to cut unemployment.

A lost decade for the middle class

Today is Patriot Day and I feel much safer now that George W. Bush is no longer in the Oval Office to use it for his political purposes. But he...

Legal aid for the rest of us

I have a friend, Laurie, from Long Beach, California, who is having tax issues with the IRS. Getting the problem resolved isn't something she can do...