Why The Middle Class Is Still StuckPaul Magnusson
As Bill Clinton fought to become the first Democratic President elected since 1976, he offered a pledge. His Administration would dedicate itself to helping the "forgotten middle class" and the working poor. His overarching plan was to reverse the priorities of 12 years of Republican rule, when "the driving idea behind American economic policy has been cutting taxes on the richest individuals and corporations and hoping that their new wealth would 'trickle down' to the rest of us." And unlike the Democrats of the '70s, Clinton would not try to redistribute income from the middle class to the poor.
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