Needed: A Republican Agenda for the Middle Class

According to White House senior adviser Dan Pfeiffer, “middle-class economics” will be the “core theme” of President Obama’s State of the Union speech this evening. Mr. Pfeiffer, appearing on CBS’s Face the Nation, said, “I think we should have a debate in this country between middle-class economics and trickle-down economics and see if we can come to an agreement on the things we can do.” The president intends to do that by raising $320 billion in tax increases over the next 10 years targeting wealthy individuals and big financial institutions in exchange for, among other things, expanding the child care tax credit (not, as some media outlets have reported, a child tax credit) claimed by about 5 million families who use commercial day care. Despite being sold as an effort to help lower- and middle-income families, the number of middle-class people who would truly be helped by Obama’s plans is quite small.

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Needed: A Republican Agenda for the Middle Class

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