Kent Conrad: “The tax cut for those earning over $1 million a year is $140,000. The average middle-class individuals, those who are in…”

“The tax cut for those earning over $1 million a year is $140,000. The average middle-class individuals, those who are in the middle 20 percent of the income spectrum... they get about $560 of tax benefit in that year. The person earning over $1 million gets $140,000. If you were going to put it on a graph and have the two related... the chart would have to be 35 feet tall to make a comparison between what the wealthiest get and what the middle class get. Maybe that is part of the reason this JOBS program is not working, because it has been so tilted to the highest end that we are not getting money into the hands of middle-income people who would be more likely to spend it, thereby spurring the economy.”