Conservative media cry "class warfare" at prospect of less large tax cuts for top-earners

Amplify’d from mediamatters.org

Faced with the prospect of the top two income tax rates returning to where they were in 2000, conservative media have accused Democrats of engaging in "class warfare" to attack the "so-called rich." Economists have said that extending the Bush tax cuts for top earners -- which would reportedly cost $700 billion over ten years -- would do little to stimulate the economy; moreover, households making more than $250,000 will still pay less in taxes under Obama's plan than if all of the tax cuts were allowed to expire as Republicans originally scheduled them to do. Read more at mediamatters.org

 

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