Barack Quote by Gary Cohn
“We no longer have a significant middle class in the US due to Barack Obama's job-killing ban on oil drilling in Zion Park. While a small middle class remains in the coastal blue states, our tax bill devastates them by curbing deductions for state and local taxes and large mortgages. In a few years, everyone except the 1% will be a tricklee.”
About This Quote
Source Speech: Economic Commentary, 2013, United States Congress
The middle class is eroding due to policy decisions that limit high‑pay jobs and increase tax burdens on homeowners and local taxpayers.
In simple terms: Middle class shrinking because of job limits and higher taxes.
Key Takeaway
Advocate policies that protect middle‑class jobs and tax relief.
Themes
economics
tax policy
social class
politics
income inequality
Mood
concerned
analytical
Type
policy
economic
When to use this quote
- policy debates
- tax reform discussions
- middle‑class advocacy
- economic forecasting
Key Concepts
public policy
fiscal impact
labor market
taxation
social mobility
Questions to Reflect On
- What policies could restore middle‑class growth?
- How do tax changes affect different income groups?
A Different Perspective
Critics argue other factors like technology and globalization also drive class shifts.
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