Middle Class

President Barack Obama's recently released budget proposes raising Medicare premiums for individual retirees making more than $85,000 and couples making more than $170,000.

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There's been a lot of talk in New Jersey about taxpayer-funded entitlements for public employees. Governor Chris Christie asked for and got some reforms in the areas of public workers' pension and health care payments.

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These days many middle class Americans are struggling to make ends meet. More than half, 52 percent, say their most important day-to-day financial concern is paying the monthly bills.

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A new report finds the middle class, in New Jersey and across the country, continues falling farther and farther behind, and is having a tougher and tougher time making ends meet.

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Last night, during the Townsquare Media U.S. Senate Candidate forum, both Democratic incumbent Senator Bob Menendez and GOP challenger Joe Kyrillos argued that they were the better choice to fight for the middle class in Washington.

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Governor Christie held his 90th town hall in Monmouth County today, where he urged the legislature to move ahead on his middle-class reform agenda.

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The middle class in New Jersey is falling further behind as they struggle with lower wages, less savings and more debt.

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The share of the nation's income earned by the middle class has fallen to its lowest level in recent decades. It's been surpassed by affluent earners as median wages stagnate and wealth concentrates at the top in a relatively weak economy.

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U.S. Senator Frank R. Lautenberg (D-NJ) is imploring Republicans to support new legislation to extend and expand the payroll tax cut.  

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Maybe it's support for the "Occupy Wall Street" protests or maybe Garden State voters just want to see the rich pay more, but they favor a millionaire's tax increase by a better than two-to-one margin in today's Quinnipiac University poll. They also don't seem to mind if Governor Chris Christie continues to put the squeeze on state workers to help deal with what promises to be another tough budget year.

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