Barack Obama revises plan on tax cuts

USA Today reports:

Sen. Barack Obama has already retreated on his pledge to undo part of President Bush's tax cuts, four months after the Illinois Democrat made the promise as part of his method for funding his health care plan.

As the 2008 presidential hopeful seeks to identify funding for his proposed policies, he is having to count on some tax increases that are almost impossible to push through — including returning the estate tax to its 2001 threshold, which includes estates of $1 million.



That puts him at odds with almost every Democrat in Congress, including many fellow members of the Congressional Black Caucus, who say that low rate hurts black farmers and small-business owners, and who have voted for much larger thresholds.

Those Cook County,Illinois Democrats really like taxes.