Richardson reignites confusion over Obama tax plan
Posted 10/31/2008 02:49:00 PM
Republicans are using a statement Gov. Bill Richardson made today to accuse Barack Obama of lying about tax cuts he has promised most Americans, but a Speaking about Obama’s tax plan,
Obama has laid out his tax plan on his Web site: He claims no family making less than $250,000 annually would see a tax increase under his plan. In a recent TV ad, Obama said Americans who “have a job, pay taxes and make less than $200,000 a year” will get a tax cut.
So, insert that number into
I did. So now I’m confused about what the governor meant and whether he is also confused about Obama’s tax plan.
Joe Biden ignited similar confusion days ago when he said the tax break would go to “middle-class people -- people making under $150,000 a year.”
Biden’s comments gave John McCain an opening to attack:
“Sen. Obama has made a lot of promises,” McCain said. “First, he said people making less than $250,000 would benefit from his plan. Then this weekend, he announced in an ad that if you’re a family making less than $200,000, you’ll benefit. But yesterday, right here in
As reported by MSNBC, the Obama campaign later said Biden was citing “an example of what someone making that amount would get under Obama’s tax plan. Indeed, Biden’s $150,000 remark came after he referred to someone making $1.4 million.”
MSNBC also points out that Obama said at one forum in August that, under his plan, “if you make $150,000 or less, you will see a tax cut. If you’re making $250,000 a year or more, you’re going to see a modest increase.”
I thought the tax-cut threshold was $200,000, not $150,000.
Republicans attack
Anyway, the furor over the various statements had begun to die down until
“It started at $250,000, then it was $200,000, then it was $150,000, and NOW it is $120,000,” he wrote. “Barack Obama and Joe Biden continue to talk out of both sides of their mouth on their plans to raise taxes on the American people. It is only a matter of time until Obama admits the truth -- he voted for higher taxes on people making only $42,000 a year. People all over
For the facts on the $42,000 claim, click here.
U.S. Rep. Heather Wilson, on a conference call today with reporters, said Richardson, Biden and Obama are preparing
“I think Gov. Richardson spoke the truth this morning,”
The Obama campaign has not responded to a request for comment.
Labels: 2008 election, Presidential race, Richardson



















3 Comments:
It's really not that complicated. If you make less than $200,000, under Barack Obama's plan, you will receive a tax cut. If you make between $200,000 and $250,000, your taxes will stay the same. If you make more than $250,000 your taxes will increase. When the Bush tax cuts expire, the highest marginal tax rate will revert to around 39%, from the current 35%.
Jim would you mind paying that 4% for me and my family?
I like how Obama and his friends and even Udall say that they will let the Bush tax cuts expire for the rich. I guess Bush has done something for the middle class, because they aren't saying we'll let the Bush Tax cuts for the middle class expire.
Politics as usual. Got to get back to work because I need to find out a way to make up for that extra $10,000 I'll have to pay, while the peanut gallery is able to use my tax dollars.
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Deborah
Term Life Insurance
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