Many commentators and myself have been taking some heat for declaring that Obama is going to raise taxes on the middle class. John McCain has also been going with this point as well at rallies. There are a few reasons why I think Obama will raise middle-class taxes. First of all, he plans to raise capital gains taxes which will hit middle-class investors. Raising taxes on corporations will mean higher prices for the middle-class as well. Obama has so many new spending programs that he will be forced to get more tax revenue. And Obama’s record does not match his rhetoric. He has never once cut taxes on anyone and actually voted to raise taxes on singles making $42,000 annually. I don’t trust that Obama won’t let those numbers slide downward. Oh wait a minute, he’s already doing that.
Obama has been touting for months his tax plan that will not raise taxes “one dime” on families making less than $250,000. We’ve all heard him say it a few thousand times. Then he slipped up in the final debate and said, “…a middle-class tax cut for people making less than $200,000…” Well, maybe it was just a slip…or maybe not, as is demonstrated in this new campaign ad:
So Obama really did mean $200,000. That’s a $50,000 drop already. And I’m sure you noticed like I did that the tax cuts for 95% of Americans has changed to be within the thresholds of having a job and paying taxes now. Guess he finally understands that his first tax plan was welfare for non-tax payers. So we’ve seen Obama’s tax plan change remarkably in a month. But wait, there’s more.
Now Joe Biden is out on the stomp talking the tax plan and the middle-class is now those making $150,000 or less. He said that yesterday in an interview. John McCain sums up the Obama tax plan this way, “Sen. Obama has made a lot of promises. 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 Pennsylvania, Sen. Biden said tax relief should only go to ‘middle class people – people making under 150,000 dollars a year.’ You getting an idea of what’s on their mind?”
You’ve been warned.