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How would it affect the economy if the people who are in the middle to upper class have $400 to $600 less money to spend each month?

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Then who would support all those on welfare and food stamps ( ones that dont need it)? Its not my fault they are poor. Get a job. Do you think Obama cares about the middle class?

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Actually, the government spends billions in subsidies to billionaires, oil companies, and other multi-billion dollar corporations. If we stopped paying rich people with poor peoples' money, things would be a lot better.
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Oh, and don't give us that "get a job" crap, most people on welfare work 2 jobs. It's the greedy business owners that pay $7 an hour that are the problem, not the honest working people they rip off.
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About the same as if lower middle class spent $200-$400 less a month

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Thanks to the IRS many people have had a lot more than that spending money taken away. If you look at the economic situation today, you will have answered your own question.

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