You can credibly say that Pelosi’s tax cut plan is, in large part, a tax cut plan for millionaires. As Bob McIntyre of CTJ says, “This town may never agree on who is middle-class, but surely we can agree it doesn’t include anyone who makes over a million dollars a year.”

Last year, the watchdog group Citizens for Tax Justice put out a paper showing that 30 Fortune 500 companies had a negative tax rate for the cumulative years 2008-2010. Extending that through 2011, there are still 26 such companies that paid “negative” income taxes.