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Tuesday, October 28, 2008

Obama's Middle Class Income Shrinkage



Funny think has been happening at Messiah Central this week. After months of saying that he would not reduce taxes for people making under $250,000, that number has been slowly dropping. In a recent commercial the Junior Senator from Illinois changed that number to $200,000. Yesterday, Senator Biden Changed that number to $150,000 (see video above). I am afraid to turn on the television tomorrow, it will be down to $12.50. Read the details Below:

Obama's Moving Tax Threshold: $250,000? $200,000? $150,000? What Next? [Byron York]

One of the things I've seen at Republican rallies is that people just don't believe Barack Obama when he says he'll raise taxes only on those who make more than $250,000 a year. It's not that these people make that much money or even think they'll make that much money sometime in the next four years. It's that they believe Obama, once in office, would lower the threshold and raise taxes on people who make less than $250,000.

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." Now, the McCain campaign is pointing out something that Joe Biden said in a Pennsylvania TV interview yesterday:

What we’re saying is that $87 billion tax break doesn’t need to go to people making an average of 1.4 million, it should go like it used to. It should go to middle class people — people making under $150,000 a year.”

This morning, in Hershey, Pennsylvania, McCain started pushing hard:

Senator Obama has made a lot of promises. First he said people making less than 250,000 dollars would benefit from his plan, then this weekend he announced in an ad that if you're a family making less than 200,000 dollars you'll benefit — but yesterday, right here in Pennsylvania, Senator Biden said tax relief should only go to "middle class people — people making under 150,000 dollars a year." It's interesting how their definition of rich has a way of creeping down. At this rate, it won't be long before Senator Obama is right back to his vote that Americans making just 42,000 dollars a year should get a tax increase. We can't let that happen.


Maybe its like the old Seinfeld Episode. Maybe the tax plan went into the pool. Perhaps George Costanza. Can do an Obama Commercial and Explain shrinkage.

1 comment:

Anonymous said...

Looks like they finally sat down and did some math on their tax plan.

You think we can call bottom now or should we wait for Warren Buffet to chime in? heh