Tag Archives: raising taxes on high wage earners

Middle Class Tax Anthem Hits Sour Note

BY GARY ANDRES

 Reprinted from Weeklystandard.com

It sounded very easy in theory. With the biggest tax increase in history set to go into effect on January 1, 2011, Democrats were poised to win the middle class rock heroes award.

The song had all the subtlety of a Pete Townshend guitar riff. Pass a bill before the end of the year extending current tax law for everyone except those nasty “rich” folks (individuals earning more than $200,000 per year and families with incomes above $250,000) and bang!

Then, just hitch a ride on the shoulders of grateful fans in the mosh pit to electoral victory. 

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