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"I think what this does unequivocally is end the conversation of whether this is a class effect, " says FitzGerald.
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Just before we got here, Congress did the right thing and voted to make sure that taxes would not go up on middle-class families at the end of this month. (Applause.) Congress also agreed to extend unemployment insurance for millions of Americans -- maybe some of your family members -- who are still out there looking for a job.
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To put an end to this trend, particularly for larger class actions, CAFA devised tight parameters for keeping cases out of the federal system.
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So I wonder if one class action firm or ther other will end up trying this in each of the other 42 states that have sales tax.
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And he continues to focus on -- as he talked about during the campaign, that the decade of squeeze that the middle class experienced, even as the economy was growing, prior to the recession -- while incomes were growing on the upper end in the first decade of this century, middle class incomes were stagnating, and in some cases, shrinking.
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People on the receiving end of injustice, in this recession, are often middle class, well educated and from work backgrounds where they are accustomed to taking responsibility for how the system functions.
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By the end of this decade, there will be a billion middle-class consumers in China and India.
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Our biggest concern is if this Congress does not act by the end of the year, taxes for middle-class families is going to go up.
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However you come down on this, it is fair to say that when it comes to taxes working class families may well end up worse off next year than they are today.
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