Wednesday, October 29, 2008

Obama's "tax cuts" shifting downward

Obama's campaign is rapidly shifting downward the threshold of earnings subject to his "tax cuts" (after his huge tax increases by reversing the Bush tax cuts). First, his own campaign ads have dropped the threshold to $200k, and now his irrepressible VP candidate Joe Biden has been talking about $150k. That's a 40% reduction in income levels before the campaign is even over. Is anyone surprised?

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