Dick n’ W seem hell-bent on booting the middle class to 1940 standards. What would have happened if IKE/JFK/LBJ had desired to see their middle class voters time-warped about 65 years. Jacob Riis provides the backdrop.

Republicans Set Aside Middle-Income Tax Cuts to Focus on Rich

May 8 (Bloomberg) — Republican lawmakers, facing the prospect that their power to cut taxes may soon be curbed, plan to extend breaks that mostly benefit the wealthy and Wall Street at the expense of reductions for middle-income households.

Six months before elections that may return a Democratic majority in at least one house of Congress, Senate Majority Leader Bill Frist of Tennessee and House Speaker Dennis Hastert of Illinois are focusing on extending the 15 percent rate on investments and repealing the estate tax. They won’t push extensions of lower rates for all taxpayers and expanded breaks for married couples and families with children, which expire after 2010.

Please find the entire article here.

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Photo Credits:

(Jacob Riis photographs) cs.Yale.edu; (Life of Riley)timstvshowcase.com-classictvhits.com;
(Call Me Lumpy) epinions.com; (Donna Reeed Show)chuck’sconnection.com; (Mary Tyler Moore Show) Museum of Broadcast Communication museum.tv; (Return of Mr. Ed) dailyhaggis.com;
(Father Knows Best) sitcomsonline.com (WKRP in Cincinnati)timstvshowcase;(Ozzie Nelson) sitcomsonline.com; (eddie Haskell)wirtznet.net; (Leave it to Beaver)actor.pick2web.com

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