Easy money policies are turning into hard times for the middle and lower classes.
Anderson ripped through the middle and lower order after the visitors resumed on 28-3, chasing an unlikely 323.
The middle and lower classes went deeply into debt to buy things.
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Income growth for households in the middle and lower parts of the distribution slowed sharply, while incomes at the top continued to grow strongly.
Not long ago the President stated that you cannot raise tax revenues when you lower tax rates unless you take it from the middle and lower income earners.
That ends up hurting the middle and lower class Americans.
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The income gap between those high up the income ladder and those in the middle and lower rungs while substantial did not change much during this period.
By contrast, wages in the middle and lower portion of the wage distribution have been more stagnant, and for some occupational categories, wages have even declined over this period, particularly between 2000 and 2009.
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The post-1971 U.S. dollar-based monetary system permitted an explosion of credit, which naturally favored the credit industry directly, and the entire financial asset-holding investoriat, indirectly, at the expense of the middle and lower classes.
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Beginning on the fifth day of the fifth lunar month, people of several ethnic groups throughout China and the world celebrate the Dragon Boat festival, especially in the middle and lower reaches of the Yangtze River.
They charted median wages over a thirty year period for each group and found that wages have risen the fastest for those at the top of the distribution, while remaining relatively stagnant for those in the middle and lower end of the distribution.
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Prior to the Reagan presidency, the concept of supply side economics with its lower personal income tax rates for the wealthy, reduction in the capital gains rates and increased tax responsibilities for the middle and lower classes was viewed with considerable suspicion by mainstream Republicans.
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It is mainly the middle and lower ranks of officials who are taking up where they left off under the old regime, but there are reports that senior bureaucrats and ministers at the oil and health ministries have been offered their jobs back by the US military.
Dr. MICKEY LEVY (Chief Economist, Bank of America New York): So, the fiscal stimulus, now that it moves to the top of the priority list, that stimulus package will include some of the components of Obama's economic platform, including tax cuts for the middle and lower income households.
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.
In theory, the presence of upper-income dwellers breeds quality schools, which can serve the middle- and lower-income children in the region.
With 31 overs lost on day one because of rain, play began half an hour early on Tuesday and England's bowlers were quick to get among the Australian middle and lower order.
Taxing issues would be harsh enough in the middle- and lower-income classes without the threat of real migration by those who seek to keep their tax burdens low.
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Republicans can win the argument by making a clear and cogent public articulation of the president's spending problem and how the American people, especially the lower and middle classes, will be the ones to suffer as a result.
He will talk much of what he calls the "squeezed middle", the low and middle-income families feeling the pain of lower living standards and job insecurity as the economy stagnates.
There is a broad pattern repeated across these tables, with a cluster of Asian, Pacific Rim, countries at the top, European and western countries in the upper and middle ranks, with countries in North Africa and the Middle East in the lower ranks.
Robert Irwin, from the School of Oriental and African Studies, says the stories were written to entertain in normal, conversational Arabic of the late Middle Ages - and were aimed at the tradesmen and the lower-middle classes.
He has significant changes to the tax code that would provide large tax benefits to upper-income households, while shifting the burden onto middle and lower-income households.
But now, as is increasingly common in museums, a more chronological approach prevails, so that varied objects from a given era can be shown in tandem to give a sense of the period fine art, for instance, may be seen alongside furniture, craft items or even machinery beginning with the Middle Ages on the lower floors and culminating with the 20th century under the eaves of the tower galleries.
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Even worse, these proposals will enormously increase the power of the IRS over middle-and lower-income Americans: Because of all the conditions, tax collectors will have more reasons than ever to paw through your personal and financial lives to ensure you are complying with an already incomprehensible code.
The wealthy were feted while the lower and middle classes were hit right in their pasties.
Viewed together, the wealthy were feted while the lower and middle classes were hit right in their pasties where it hurts most.
The president criticized the House GOP proposal as "not smart" and "not fair, " saying it would increase the burden on middle- and lower-income families to pay for a college education.
But that was before the Fiscal Cave, which left the Bush tax cuts in effect for the lower and middle class, but raised them for the upper bracket, steepening the progressivity even further.
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In the Tax Reform Act of 1986, President Reagan further reduced the federal income tax rate for middle and lower income families all the way down to 15%.
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