student debt

Bipartisan fiscal scam lays groundwork for austerity

jillstein.org by Jill Stein As daylight begins to shine on the fiscal cliff deal just passed by Congress, it’s clear the expected bipartisan betrayal has occurred. And even worse, it lays the groundwork for much more to come. In brief, the deal protects wealthy households earning up to $450,000 annually from tax increases, as it makes Bush tax cuts permanent for 98.5% of Americans. With this provision, Obama broke his promise to raise taxes on those earning over $250,000 per year. The deal also ended the payroll tax holiday, hitting vulnerable working and middle class families with significant tax increases…