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Tuesday, October 28, 2008

Obama's Definition Of 'Rich' Seems To Be Going Down

It used to be that according to Barack Obama, if you made less than $250,000 per year, you would not see an increase in taxes. Now, in his latest ad, Obama has lowered that to $200,000 and maybe even $150,000 if we are to believe Joe Biden.

According to National Review:

Obama's position in the past was that he would raise taxes on families making more than $250,000 a year and individuals making more than $200,000. But in his new ad, "Defining Moment," he seems to lower it to $200,000 for families. "Here's what I'll do as president," Obama says in the ad. "To deal with our current emergency I'll launch a rescue plan for the middle class That begins with a tax cut for 95 percent of working Americans. If you have a job, pay taxes and make less than $200,000 a year, you'll get a tax cut." That seems kind of ambiguous, but the graphic on the screen says clearly: "Famlies making less than $200,000 get tax cut."

Obama's Moving Tax Threshold: $250,000? $200,000? $150,000? What Next?
Byron York
National Review
October 28, 2008

And in Pennsylvania yesterday, Joe Biden said that tax relief should only go to "middle class people — people making under 150,000 dollars a year."

It looks like Obama and Biden are finally fessing up to how much they will really have to gouge the American worker to pay for all that wealth redistribution they have planned. Chances are, anyone making over $42,000 per year is going to get gouged even further.

Check out the video of Joe Biden over at Hot Air:

Video: Biden Talking About Taxing Incomes Over $150K, Not $250K, Now?
October 28, 2008

Watch Obama as he lowers the bar to $200,000 over at YouTube:

Obama Ad In Which He Breaks His Promise Not To Tax Those Under $250,000 A Year
October 28, 2008

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