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View Diary: Obama will call to extend Bush-era tax cuts only for those Americans making $250,000 or less (69 comments)

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  •  yes, the title of the post accepts Rep. spin (1+ / 0-)
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    The tax cuts Obama wants to extend would apply to EVERYONE.   It is only income over 250k that would go back to being taxed at the old, higher rates.  

    Under Obama's plan people who earned that much would still get a tax cut compared to what they will pay if the Bush tax cuts expire as planned.

    Extricandae copiae.

    by Lee on Mon Jul 09, 2012 at 01:37:21 PM PDT

    [ Parent ]

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