Who is going to have their taxes increased?
Barack Obama initially promised he would tax the upper 5% of wage earners, defined as those earning over $250,000. But apparently that wasn't enough to satisfy his desire to spread other people's wealth around so in a campaign ad released a few days ago, tellingly titled Defining Moment, Obama makes a new promise, dropping the income for a tax cut.
I'll launch a rescue plan for the middle class that begins with a tax cut for 95 percent of working Americans. If you have a job, pay taxes and make less than $200,000 a year, you'll get a tax cut.
should go to middle class people – people making under $150,000 a year.