A continual theme of the Barack Obama campaign has been his vow that
no one making less than $250,000 a year would get a tax increase. Now
he has provided more details, pointing out that to qualify for a tax cut you must earn less than $200,000. Then, on Tuesday, Joe Biden said during an interview
that tax breaks should go to “people who make $150,000 a year.” My,
my, when Obama said he was the candidate of change, he never mentioned
that it applied to figures and campaign promises.
Wisecracks aside, Obama can credibly say his tax
plan remains the same, that he is merely providing some nuance and
Biden was simply being a maverick à la Sarah Palin and expressing the vice-opinion. But it doesn’t matter, because there is a dirty little secret of taxation.
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