That's what all the headlines say, like: "Obama renews call for holding down middle class tax rates." But a more honest headline would read: "Obama renews call for extending current tax rate for 98% of the country, including many people who well above and well below middle class, if the word 'middle' still has any meaning."
Wordy, but honest.
Here is some related reading:
Pat Garofalo: Why Letting the Bush Tax Cuts for the Rich Expire Will Not Hurt the Economy, in Three Graphs.
Steve Benen: Obama Pushes Middle-Class Tax Cut, Reignites Larger Fight.
And Richard Adams' typically great coverage is here.
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