The plan nearly doubles the standard deduction to $12,000 for individuals and $24,000 for families. This basically increases the amount of personal income that is tax-free.
By Associated Press
Treasury Secretary Steven Mnuchin says a Republican tax overhaul plan expected to come out this week will offer help for the middle class and businesses.
By Catherine Lucey, Associated Press
“We have lost our manufacturing base and it’s an issue that has got to be dealt with,” Sanders told PBS NewsHour’s Judy Woodruff in an interview Tuesday.
By Jessica Yarvin
Why are so many Americans still feeling so financially insecure? Economists Jonathan Morduch and Rachel Schneider followed 235 low- and moderate-income households for a full year to understand why.
By Jonathan Morduch and Rachel Schneider
Nearly 40 percent of adults under 65 carry medical debt, and many of them are middle class. When they don't pay their bills, hospitals must eat the cost.
By PBS NewsHour
Elizabeth White was once comfortably middle class, but recently she has been severely underemployed. Now as she approaches the traditional age for retirement, she is struggling to make ends meet, and her story is not uncommon. Economics correspondent Paul Solman…
By Josh Boak, Associated Press
The rich keep getting richer while more Americans are getting left behind financially.
Aaron and Mary Murray are middle-class Americans, but they don’t feel like it: though the two teachers make a combined $90,000 a year, they still live paycheck-to-paycheck. Even something as mundane as a stranger accidentally sideswiping their car can put…
By Kristen Doerer
Last week, the Obama administration unveiled new overtime regulations that would double the salary threshold that automatically entitles workers to overtime pay to $47,476.
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