News Cycle

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Richardson: Obama’s Tax Cut Limit Is Really $120,000

with one comment

How low can you go?

Gov. Bill Richardson, a supporter of Sen. Barack Obama, said in a recently radio interview that when Obama becomes president, he would cut taxes for people earning less than $120,000 a year.

Obama’s official position is that the cutoff is at $250,000. But he once said on the stump that the figure is $200,000. Sen. Joe Biden then lowered the bar to $150,000.


Written by newscycle

October 31, 2008 at 4:23 pm

Posted in Obama, Taxes

One Response

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  1. Biden didn't lower the bar; his statement was consistent with Obama's initial proposal. People who make $250,000 or less don't see a tax increase; people making $150,000 or less get a tax refund.

    As for Bill Richardson, after listening to the interview, I believe he misspoke – In the same interview he called the bailout a $750 billion bailout, when it is a $700 billion bailout.

    As for the stump speech, I didn't hear it, so I can't respond to it. I just wanted to clarify your errors on Biden's statement & give a brief opinion on Richardson's comment.


    October 31, 2008 at 6:30 pm

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