Remember the good old days when Obama was promising only to raise taxes on fat-cat plutocrats like Joe the Plumber and Tito the Builder, and anyone making more than $250K? Turns out that's looking more and more like another Lie Barack Told Me:
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."
Ah, so rich is being defined down! How low can it go? Why, just wait and watch it drop before your very eyes! In Pennsylvania, Gaffy Joe Biden redefined rich even lower:
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.”
And what about the income tax hike on every income level once Obama and the Dems let the Bush tax cuts expire? Taxes start going up for everyone making over $25K - but hey, don't worry, Baracky will give you some back in...credits. (Use the tax calculator here, reset to year 2000 to get a glimpse of what the tax rates will rise to once the Bush cuts expire, then remember...Obama plans to raise them again....)
More on how Obama's gonna leave you penniless here...
How is leaving each and every American with less money to spend going to help the economy? It won't, and Barack Obama knows it, but he can't embark upon the Change He Believes In until he has a sh*tload of your money....