This morning on MSNBC I heard Republican strategist, Tripp Baird, say that Obama was going to raise taxes for middle-Americans, and that’s just not true. Direct from the official Obama/Biden website, please read below.
- Middle class families will see their taxes cut – and no family making less than $250,000 will see their taxes increase. The typical middle class family will receive well over $1,000 in tax relief under the Obama plan, and will pay tax rates that are 20% lower than they faced under President Reagan. According to the Tax Policy Center, the Obama plan provides three times as much tax relief for middle class families as the McCain plan.
- Families making more than $250,000 will pay either the same or lower tax rates than they paid in the 1990s. Obama will ask the wealthiest 2% of families to give back a portion of the tax cuts they have received over the past eight years to ensure we are restoring fairness and returning to fiscal responsibility. But no family will pay higher tax rates than they would have paid in the 1990s. In fact, dividend rates would be 39 percent lower than what President Bush proposed in his 2001 tax cut.
- Obama’s plan will cut taxes overall, reducing revenues to below the levels that prevailed under Ronald Reagan (less than 18.2 percent of GDP). The Obama tax plan is a net tax cut – his tax relief for middle class families is larger than the revenue raised by his tax changes for families over $250,000. Coupled with his commitment to cut unnecessary spending, Obama will pay for this tax relief while bringing down the budget deficit.
Now, if you don’t believe this because it came from Obama’s site, then you can check out the facts by the bi-partisan Annenberg think tank group at www.factcheck.org Their sole purpose is to check the facts about all claims made at speeches, through interviews, and on ads. Also, most facts are either claimed the truth or debunked at www.snopes.com
People, let’s be really clear on the issues before we pull that lever. This election is critical for our country.