By Kay Steiger
Dec. 31, 2012
[…] “Well I just think that’s grossly unfair. Grossly unfair,” Harkin continued. He pointed out that those who make $250,000 or more a year are the top 2 percent of income earners in America. By moving the tax cuts to $400,000, Harkin said, it sends a message that earners who make that much are “middle class.”
“Have we forgotten that average income earners in America are making $25, $30, $40, $50, or $60,000 a year? That’s the real middle class in America,” Harkin pointed out. “And they’re the ones that are getting hammered right now. They’re getting hammered with housing costs, rental, heating bills, kids going to school. They have no retirement. Now we’re talking about raising the retirement age on people who work hard every day?” […]
US goes over fiscal cliff
RTAmerica·Dec 31, 2012
Lawmakers in the House and Senate could not come to an agreement on Monday, sending the United States off the so-called “fiscal cliff.” Congress had been tasked with finding a solution that would replace scheduled automatic spending cuts and tax hikes slated to begin with the start of 2013, but despite predictions from President Barack Obama and even congressmen in the Capitol no such deal could be reached. RT’s Kristine Frazao and The Big Picture’s Sam Sacks discuss what this means from America only moments after Congress decides to avoid a vote.