Category: middle class

Inflation Hits Middle-Income Americans the Hardest, Says Congressional Budget Office

Middle-class Americans were the hardest hit group by skyrocketing inflation in 2022, Congressional Budget Office (CBO) says. Inflation has cut into the finances of the middle class more than that of low- and high-income households, according to a CBO report from Sept. 22. Annual U.S. inflation rates have hovered in around the low- to mid-8 percent…


Senate Republicans Introduce Bill to Block ‘Super-Sized IRS’ from Targeting Middle-Class Americans

A group of Republican U.S. senators introduced a new bill on Sept. 11 designed to curtail the growing power of the Internal Revenue Service (IRS). The bill, which is sponsored by Senators James Lankford (R-Okla.) and Mike Crapo (R-ID), responds to the Inflation Reduction Act signed into law in August, which allots $80 billion of additional funding…


Number of Americans Citing ‘Hardship’ From Inflation Rises, Particularly Among Middle Class

The majority of Americans say inflation is causing them financial hardship, according to a new poll. While the Biden administration heralded a pause in the rise of inflation for the month of July, a new Gallup poll indicates that Americans are feeling the pain more now than at the beginning of this year. “A majority…


More Americans Fear Small Businesses, Middle-Class Will Face Higher IRS Audits

Many Americans expect the Internal Revenue Service (IRS) to target low- and middle-income households and small businesses, according to a new survey.  A recent Convention of States Action and Trafalgar Group poll learned that 36.2 percent of respondents think the IRS will use its 87,000 new agents to audit low-income earners, middle-class Americans, and small…


Americans Say Small Businesses, Middle Class Will Face More IRS Audits: Poll

More Americans expect the IRS to put a greater focus on low- and middle-income households and small businesses than on the wealthiest Americans and large corporations, according to a new survey. About 36 percent of respondents think the tax collecting agency will use its 87,000 new agents to audit low-income earners, middle-class Americans, and small businesses, a recent…


Does Your Income Level Put You in the Middle Class?

A question almost everyone will ask at some point in their life is what class is their income level. While few people like to think that they are living below the poverty line, not many are going to be able to become what is considered upper class. Most people, it seems, like to know that…


Republican Fears: An IRS Armed and Ready to Audit

A job advertisement for IRS Special Agents “willing to use deadly force” is raising eyebrows amid renewed scrutiny of the tax agency that could greatly expand if Congress passes its new spending bill. The online job ad titled “Criminal Investigation Special Agents” went offline temporarily on Wednesday after it sparked thousands of comments across social…


IRS Job Ad Seeks Agents ‘Willing to Use Deadly Force’

A job advertisement for IRS Special Agents “willing to use deadly force” is raising eyebrows amid renewed scrutiny of the tax agency that could greatly expand if Congress passes its new spending bill. The online job ad titled “Criminal Investigation Special Agents” went offline temporarily on Wednesday after it sparked thousands of comments across social…


Plutocratic Socialism and the Corruption of Democracy

This article is adapted from the book “Plutocratic Socialism: The Future of Private Property and the Fate of the Middle Class.” The American constitutional order assumes a populace of property owners, a middle class whose virtues provide the necessary ballast to support our republic. Our founders imagined strong communities, strong families, and independent citizens capable…


Liberal Government Has Increased Income Taxes on Middle Class

Commentary Since taking office in 2015, the Trudeau government has repeatedly claimed to have lowered personal income taxes for middle-class Canadians. However, recent data demonstrate that the government has not actually provided income tax relief to middle-class families, and it continues to confuse government transfers with taxes. First, some quick history. After the 2015 election,…