Obama's tax-cut threshold shrinking?: $250,000, $200,000, now $150,000

WorldNetDaily ^ | October 28, 2008 | Drew Zahn

[MountainLoop]

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. The campaign's homepage, for example, accessed today, reads, "Obama said he wanted to give a tax break to all families making under $250,000 per year, which he said was 95 percent of American workers." Yet in the "Defining Moment" ad released on YouTube last week and viewable below, Obama says the tax cut "for 95 percent of working Americans" is only for those who make less than $200,000 per year.

[mwl8787]

McCain needs to tell people that if elected, BO is gonna retroactively let the Bush tax cuts expire to January 1, 2009. That’s a tax increase for all wage earners, all income brackets. And it puts the marriage penalty back into law.

The tax cuts are set to expire in 2010. The RATS have already rejected making them permanent. They obviously do not want this expiration to occur in an election year. Hence, they will accelerate the tax increase.

Tell your friends, spread the word.

[killerw]

It doesn't matter what number he use. If he get elected, he will just say, “We can't cut taxes right now. We didn't know how bad things really were until we got in and took a look. We will have to raise taxes in order to clean up the mess Bush left.”

Then everybody that was expecting tax cuts will look around and say...WTF?

I just want to say one more thing. I don't believe G-D brought us this far to leave us now. I believe there was divine intervention in the founding of this Great Nation and on Nov. 5th, Freepers will know that G-D has intervened again. Remember to, "PRAY FOR THE PEACE OF JERUSALEM" PSALM 122:6

[ApplegateRanch]

The campaign's homepage, for example, accessed today, reads, "Obama said he wanted to give a tax break to all families making under $250,000 per year, which he said was 95 percent of American workers."

And I wanted to give my wife a new tractor and chainsaw for Christmas, too.

Obama says the tax cut "for 95 percent of working Americans" is only for those who make less than $200,000 per year.

Meaning the group earning between $200K and $250K will remain as they are, neither cut nor raised, meaning that since they didn't get raised, it is a cut for them, too?

And now, Fox News reports Biden told a Scranton, Pa., TV station yesterday that Obama's tax break "should go to middle class people – people making under $150,000 a year."

But, Biden added, "just because it SHOULD only go to that smaller group, my dunderheaed Marxist running mate wants to spread the wealth around even more than that. Besides, consistency is not our strong suit."

And I SHOULD rethink my plans for my wife's Christmas gifts.