The tax bill approved by President Obama this week that included tax cuts for the rich in the form of minimized estate taxes along with breaks for the middle and lower-wage earners in the U.S. was voted down by House Democrats Thursday. (See " House Dems Reject House Deal") Markets remained mixed throughout the day.
Yet despite the recent rise in wages across the board, and despite the massive rise in federal assistance, many poor single wage-earners have still not been able to lift their families out of poverty.
The increase for a coming year is based on inflation between the third quarter of the prior year and the third quarter of the current year, as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers, or CPI-W. In the third quarter of 2008 energy prices and the CPI-W spiked, giving beneficiaries a hefty 5.8 % COLA for 2009.
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However, there are a few sticking points such as the buy-out clause for potential suitors and it is believed that the influential midfielder and prized Cardiff asset feels he deserves a wage closer to the club's top-earners.
The very same small business operators and hard-working American wage earners who, on election day, cast their votes for a Republican Party that bills itself as the party of fiscal responsibility.
But Republicans in Congress have refused, insisting that millionaires and billionaires, the top 2 percent of wage earners in this country -- that the tax cuts of middle-class Americans should be held hostage to tax breaks for the wealthiest 2 percent.
We face the risk of taking our most promising entrepreneurs and turning them into underemployed wage-earners.
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The lack of a safety net encourages everybody to work, and the employed get to keep most of what they earn due to low tax rates -- more than half of wage earners pay no tax at all.
Gregory Rodriguez, a researcher at Pepperdine University, argues that foreign-born Hispanics have three advantages which help them make up for their lack of educational qualifications: the highest number of wage-earners per family of any ethnic group, the highest participation in the labour force, and stable families.
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