House Republicans Just Said The 1% Are Part Of The Middle Class
Republicans say they care about the middle and working class, but that’s only because they put the top one percent in that same category. According to House Republican officials, the top one percent are barely struggling to be in the middle class.
When House Republicans released a fact sheet about their new tax cut plan on Thursday, it referred to Americans earning $450,000 a year as “low- and middle-income.” That means that taxpayers in the top 0.05% of all individual Americans are considered to be “middle class” in the eyes of Republicans.
Republicans are either way out of their heads or they have a bizarre understanding of wealth.
According to their tax plan, they would cut tax rates from 39.6 percent to 35 percent for those “$450,000-earning middle-class members.”
HIGHLIGHTS from the GOP tax reform bill being passed out in closed-door meeting pic.twitter.com/MSmEtFmUfj
— Scott Wong (@scottwongDC) November 2, 2017
“Did somebody make a mistake?” laughed AFL-CIO Policy Director Damon Silvers when told of the income classifications by the GOP. “[Republicans] think that the income level of the top one percent is lower- and middle-class. This is a world where if you make less than $500,000, you don’t exist.”
The average American household income is $59,039, after all. And according to the Tax Policy Center, the middle class is households that make between $48,300 and $85,600 a year.
A new poll also revealed that 60% of those surveyed believe that the new tax plan favors the wealthy.