Wednesday, October 29, 2008

Scary

But likely true:

And yesterday Biden let slip that he and Obama apparently have a sliding scale to determine who's "super-rich."

Obama, after all, has been promising a tax cut for the "middle class" - those making $200,000 a year or less.

Biden yesterday lowered that bar.

"What we're saying," he told a Pennsylvania TV interviewer, "is that [our] tax break doesn't need to go to people making . . . $1.4 million. It should go to [people] making under $150,000 a year."

Oops. That's a 25 percent downward redefinition of "middle class."

An Obama mouthpiece quickly dismissed the discrepancy as just another one of Joe the Senator's gaffes.

But consider: The campaign has a new TV commercial out declaring that families - not individuals - earning $200,000 or less would qualify for a tax cut. Two incomes - not one.

And, as most middle-class wage-earners know, that's a huge difference.

As Sen. John McCain said yesterday: "At this rate, it won't be long before Sen. Obama is right back to his vote that Americans making just $42,000 should get a tax increase."

We wouldn't be surprised - what with leading congressional Democrats like Rep. Barney Frank licking their chops at the chance to raise taxes.

"We'll have to raise taxes, ultimately," Frank declared over the weekend.

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