? his rhetoric about limiting tax hikes to families earning $250,000 a year, he?ll be forced soon to change his tune.
So Justin Fox, no critic of Obama?s plans, warns us in the latest TIME:
So where is the dough going to come from? In 2007, 56% of pretax income went to households making between $70,000 and $250,000 a year, estimates the Census Bureau. That’s the upper middle class, broadly defined. If we need more money to keep the country running, here’s betting that is where it’s going to be found.
Want a better idea than soaking the middle class? Steve Moore has a suggestion.