VIEWPOINT: A Mighty Wind blows through UPDATE #45 - CBC APOLOGY

[Rachel]

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.

[lizbud]

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.