Obama’s Definition Of “Rich People Who Will See Tax Increases” Now Down To Those Making $120,000
Obama’s “tax cuts for 95% of Americans” (which is really tax increases for people who already pay the most in taxes and checks in the mail from the IRS for people who little or nothing in taxes) started at as being defined by his campaign as no tax increases for anyone but those making over $250,000/year. Then it dropped to $200,000.
Then to $150,000.
Now we’re down to $120,000 according to Bill Richardson:
So what’s going on here? Seems to me like there’s only two options. Either the Obama camp doesn’t understand its own policies that well or they’ve always planned on hiking taxes for Americans making a lot less than $250,000 and they’re just trying to lower the bar right before election day so they don’t get stuck in a “read my lips” tax gaffe a la Bush the Senior.
Neither of those options speaks highly of Obama’s leadership.
