Sen. Obama has vowed to let the Bush tax cut package lapse. This would effectively raise my Federal tax bill by about $2000. I'm not rich. His statements about no tax hikes on people who make under $250K /year are deceptive at best, as he has also pledged to let the current tax cut package lapse.
That's not how I understand it. When I heard him speak on TV to this subject my understanding was that the Bush tax cuts for those making under $150K would remain in place. Those in the 150K - 250K would be essentially paying the same as they are now.
*Until one has loved an animal, a part of ones soul remains unawakened.* Anatole France
That's not how I understand it. When I heard him speak on TV to this subject my understanding was that the Bush tax cuts for those making under $150K would remain in place. Those in the 150K - 250K would be essentially paying the same as they are now.
I agree. LH has his own interpretation of almost everything, fact or not.
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