RUSH: This is hilarious now. As you know we have chronicled Obama's ceiling on tax increases -- I should say the floor, whatever. That number is 250K a year, and it goes down to 150 if you listen to Biden. By the way, they have sent Biden to the back waters on the campaign. Biden, you can't find him out there. He's in states, but you don't know where he's going. He's in Delaware. He's in a lot of other places out there, and they have enforced the teleprompter on him. They have enforced the teleprompter. I knew he would be the gift that kept on giving. Steven Greenhouse here in the New York Times. "For Incomes Below $100,000, a Better Tax Break in Obama's Plan. "The center left Tax Policy Center in this story tries to help out the Obama campaign. They say that...UPDATE:Rich was $97,000 in 2007.
Now, get this. We've all heard Obama talk about a tax cut if you make less than $250,000. They say in the New York Times story today, "When Obama says he'll cut taxes on families $150,000 or less, that part is true," and this is in the New York Times! They're essentially calling him a liar. Not totally because anybody making less than a 150, I mean it's pretty true, Obama's plan is pretty true. This story ought to be called, "The Incredible Shrinking Obama Tax Cut," but the dirty little secret is once again, ladies and gentlemen, there will be no tax cut for anybody. The Bush tax cuts of 2001-2003 expire in 2010. Everybody's tax rates are going up to the Clinton levels in the nineties, and if you're not paying income taxes -- and about 40% of Americans aren't -- how can you get a tax cut? How can you get an income tax cut?
Friday, October 31, 2008
$250,000, $200,000, $150,000, $120,000 WTF???
Posted by traderrob at 3:40 PM