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.Chicago Public School math to go national?
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.
According to the 2006 IRS statistics published by the National Taxpayers Union, "95 percent of working Americans" only includes those making less than $153,542 per year.
Tuesday, October 28, 2008
Obama's tax-cut threshold shrinking? Confusion abounds as voters hear $250,000, $200,000, now $150,000
WorldNetDaily reports:
