Obama Really Will Raise Taxes On Americans Making As Little As $50,000/year
Obama’s been lowering the bar on his tax plan. Where he once claimed that only Americans making over $250,000 would see tax increases, he’s now down as far as $200,000 and maybe even $150,000 if his running mate Senator Foot-In-His-Mouth is to be believed.
But one aspect of Obama’s tax plans have been ignored. See, Obama and his comrades are also promising to let the Bush tax cuts expire. If that happens, we’d see massive tax increases for Americans making as little as $50,000/year.
So how does Obama get away with claiming that nobody under $250,000, $200,000, $150,000/year? Because Obama and the Democrats don’t consider letting the Bush tax cuts expire a tax hike.
Despite the fact that if they expire people making as little as $50,000/year would see a tax increase of about $1,512/year.
