Last week, Patty Wetterling (DFL candidate for 6th Congressional District) floated a list of new tax breaks for the middle class. In the past, she has said that the Bush tax breaks for the highest income earners should be repealed.
Her Republican opponent, State Sen. Michele Bachmann, replied this morning with a defense of the Bush tax cuts, arguing that they help middle-class families. She estimates that a family of four with a household income of $50,000 would see their taxes rise by $2,000 if the Bush tax cuts expired.
I’ll request, and post, the assumptions behind that calculation.
But the indirect Bachmann-Wetterling exchange on taxes reflects a common disconnect in the discourse on this point this election year.
Wetterling and most Democrats do not favor the expiration or repeal of the Bush tax cuts as they apply to middle-class families.
The standard Democratic position this year is that only those in the top 1 or 2 percent of income earners should see their tax rates revert to the pre-Bush levels. You can argue against that on the basis of economic stimulus and how it indirectly benefits working families.
But apparently there is a broad bipartisan consensus that the $50,000 family of four should keep the benefits it has received under the Bush cuts.