Obama: Did We Say $250K? More Like $150K..Stunning! Obama Changes Tax Plan Seven Days Out *

Posted by on 10/28/2008

Stunning indeed Marc. The * means you will have to go take a look at what Marc is saying!  In the mean time, watch this:

“Spreading the wealth was not–he was talking about is all of the tax breaks have gone to the very, very wealthy. For example you have right now, this year, under the old tax policy that was just – that was put in by George Bush, people making an average 1.4 million a year, good people, decent people, patriotic – they’re going to get an $87 billion tax break. 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.”

Allahpundit:

What’s the deal? From what I can tell, this is a case of Team Barry being characteristically slippery in getting out their message. The One likes to emphasize how only people making more than $250K will have their taxes raised, but that doesn’t mean that everyone making less than that will have their taxes cut. There’s a middle segment, between $150K and $200K for individuals and $200K and $250K for families (as I understand it and as NBC understands it), whose taxes will stay the same, which means Biden is technically correct in the clip. Obama actually mentioned the $150,000 figure back in June in an interview with Fox News, but he prefers to throw around the number $250,000 doubtless because casual observers will assume that’s the threshold for tax cuts. It isn’t. It’s the threshold for tax hikes, and only for families, not individuals. Or so I deduce.

Have The One and his surrogates in fact lied about the tax hike/tax cut distinction in his plan? Saith the RNC’s oppo research team, you betcha:

In July 2008, Barack Obama Said: “If You Make $250,000 A Year Or Less, We Will Not Raise Your Taxes. We Will Cut Your Taxes.” (Barack Obama, Remarks, Powder Springs, GA, 7/8/08)

In August 2008, Obama Economic Policy Adviser Jason Furman Said That Barack Obama “Would Cut Taxes For Almost All Of The Families Making Less Than [$250,000].” FURMAN: “Finally, and perhaps most importantly, the op-ed today makes a very important point that, while Barack Obama would not raise taxes for any family making below $250,000 ” in fact, it would cut taxes for almost all of the families making less than that ” Senator McCain cannot make a similar promise for his tax plan because, for the first time in history, he would make families pay taxes on the health insurance that they get from their employers.” (Obama For American, Press Conference Call, 8/14/08)

In October 2008, Governor Ted Strickland (D-OH) Delivered The Democrat Radio Response Saying That Those Making Less Than $250,000 Would See Lower Taxes. “He’ll restore the middle class by cutting taxes for small businesses, and for 95 percent of workers and their families, including 5.7 million in Ohio. If you make less than $250,000, you won’t see your taxes go up one single dime. In fact, your tax rates will be lower than they were under Ronald Reagan.” (Governor Ted Strickland, Democratic Radio Response, 10/4/08)

Byron York:

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.”

Uh uh uh um…

What is the incentive to jump into the market?

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Barack Obama, Economy, Joe Biden, John McCain, National News, Presidential Election '08, Subprime Crisis, Taxes, , , , , , , , , , , , , , , , , , , , , , , ,

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