112th Congress
On January 1, 2013 Ways and Means Ranking Member Sander Levin (D-MI), Chairman Dave Camp (R-MI), Trade Subcommittee Ranking Member Jim McDermott (D-WA), and Trade Subcommittee Chairman Kevin Brady (R-TX) introduced the “U.S.
What lies before us is not the defeat of Speaker Boehner's so-called Plan B — a dead on arrival proposal on the impending fiscal cliff with no bipartisan support — but instead the culmination of the radicalization of the Republican Party.
What is the evidence?
The economic crisis four years ago hit the American middle class as it was already reeling from three decades of stagnant wage growth.
The worst was yet to come. The Great Recession saw poverty soar, home values plummet and retirement savings sharply decline. It's little wonder that the Pew Research Center labeled the 2000s the worst decade for the American middle class in modern history.
All the while, income inequality worsened. By 2010, 93% of income growth went to the top 1% of Americans.