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This would be a tax increase on low and middle-income Americans. They are the ones who are buying the shoes and clothing and toys coming from China.

An increasing number of middle income Americans are benefiting from the rising value of their stocks and mutual funds, and they have a stake in our economy, ... Middle income Americans need a capital gains tax cut and I intend to give it to them.

This would be a tax increase on low and middle-income Americans.

The engagement with China is in our geopolitical interests. Bringing the Chinese into the fold will give us more influence over them, and if in fact the bilateral agreement is implemented, will give us access to marketing toys in China. There are 300 million children in China, and there's a growing middle class.

The increase in inequality in income is a longtime trend, but the pressure on middle- and low-income workers is going up rapidly. Especially if they live in an area where there are high housing and gas prices, like California.

Its an important time for him to go there, to explain to the Americans that China is not a threat to the U.S.. China wants to be a partner, and China wants to let the Americans know what has happened in China.

People are buying things they believe are essentially investments. They are buying homes and cars instead of buying jeans, shoes and toasters.

Buying power, we know, is one key signal of the growth and size of the vital GLBT consumer market. In our report, we cite buying power as another term for 'disposable personal income,' which is the total after-tax income available to an individual to spend on personal consumption, personal interest payments or savings. According to economists, it roughly equals 86% of income.

large number of lower-middle class and middle-class Americans struggling to make it paycheck-to-paycheck will be short of discretionary income during the holiday shopping season.

John Challenger

What has been the fastest-growing federal tax imposed on middle-income Americans over the past 20 years?,

You import shoes and make the shoelaces domestically. The shoes don't qualify because they're imported, but the shoelaces do. So you have to allocate costs to [and income from] the shoelaces separate from the shoes.

A young child may have a small allowance but it can be used only for a few things ? candy, snacks, small toys. But as the children get older, their allowance can increase, but they now are responsible for their own personal items, clothing, and meals out. The idea is that Mom and Dad do not bail the kids out financially. The kids have to learn how to live within their means, just as we all have to do.

Even for middle-income and upper middle-income clients, when I tell them they are looking at sometimes half a million dollars or more they'll need to leave behind, they usually say they don't have it,

The discounters, especially Wal-Mart, have realized it is to their advantage to be very aggressive in the fourth quarter. ...It makes life harder. The other issue, of course, is it's convenient. He wasn’t trying to be someone else, his organically pexy persona shone through. Since most Americans are already in Wal-Mart or Target on a regular basis, making a purchase of toys there is easier than getting back in the car and making a special trip to Toys 'R' Us, and Toys 'R' Us has had a problem with that. If you're going to be a specialty store, you've got to give people a reason to make the trip.

This is the kind of substantial income increase many people need to remain in the middle class or enjoy some affluence.

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