Obama’s Tax Hike Threshold Keeps Going Downward, Now At $150,000
First Obama told us he’d only raise taxes on people making over $250,000/year. Then it dropped to $200,000. Now it’s down to $150,000.
How low will Obama go?
A new video advertisement released by the Obama campaign says the candidate’s promised tax cuts are for citizens making less than $200,000 a year, not the widely reported figure of $250,000.
Adding to the confusion, Obama’s running mate, Joe Biden, said in an interview yesterday the cuts are for even fewer people, limited to incomes of $150,000 or less.
Depending on the source of information, just who will have their taxes raised and who will have them cut under Obama’s plan varies.
Here’s video of Biden lowering the bar.
This brings up an important point about Obama’s tax proposals: Right now, everything’s just a campaign promise. He may be talking about only raising taxes on a select minority of the richest, most productive Americans. He may be talking about mailing out checks to people who pay little or nothing in taxes. But that doesn’t mean he’d actually do those things.
If Obama gets into office, and if he’s got a super majority of Democrats in Congress, they could pretty much anything they want. There’d be nothing holding Obama back from raising taxes on pretty much everyone. And, indeed, his proposals to nearly double the capital gains tax would do exactly that.
If you elect a big-government, tax-and-spend liberal you’re going to get a big-government, tax-and-spend liberal whatever his campaign promises were. Tags: Politics
