lower- and middle-income families.
Stiglitz:
Obama:
If elected, Mr. Obama said he would to try to forge a popular mandate for policy changes that could reverse a generation of slow wage growth and outlast any one administration. At the top of his list would be shifting the tax burden more toward the wealthy and making investments — in health care, alternative-energy research and education — that would cost a significant amount of money but could ultimately lift economic growth.
***
Although Mr. Obama’s economic approach comes wrapped in his conciliatory rhetoric, it is in some ways more aggressive than that of Senator Hillary Rodham Clinton of New York, his rival for the Democratic presidential nomination.
He has called for shoring up Social Security by raising payroll taxes on very high earners, while she has not.
He also favors a permanent tax credit of up to $1,000 for families in the bottom 90 percent or so of the income distribution, which makes his package of middle-class tax credits significantly larger than hers.***
His approach puts him somewhat to the left of the Clinton administration but broadly in line with the Democratic Party now.
http://www.nytimes.com/2008/02/02/us/politics/02obama.html?ref=politics