Middle Class Taxes

Middle class Americans discuss what a tax increase would mean to them. Unless the House of Representatives takes action before January 1, 2013, taxes will go up on 114 million middle-class families. Republicans in the House of Representatives, however, are refusing to extend middle-class tax cuts without also giving massive tax cuts to the wealthiest 2 percent of Americans. In fact, House Republicans have proposed their own tax plan that would actually raise taxes on 25 million families making less than $250,000, while giving families making more than $1 million an average tax cut of $160,000 next