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In reply to the discussion: "I’m certainly against one of Senator Obama’s ideas, which is to lift the cap on the payroll tax" [View all]Vattel
(9,289 posts)he was "willing to look at" not raising the payroll tax of those earning "slightly above" $100,000. Classic Obama.
Q: Would you take a pledge of no tax increases on people under $250,000?
OBAMA: I not only have pledged not to raise their taxes, I would cut their taxes. We are going to offset the payroll tax, the most regressive of our taxes.
CLINTON: I dont want to raise taxes on anybody. Im certainly against one of Senator Obamas ideas, which is to lift the cap on the payroll tax, because that would impose additional taxes on people who are educators, police officers, firefighters and the like.
OBAMA: What I have proposed is that we raise the cap on the payroll tax, because right now millionaires and billionaires dont have to pay beyond $97,000 a year. Now most firefighters & teachers, theyre not making over $100,000 a year. In fact, only 6% of the population does. And Ive also said that Id be willing to look at exempting people who are making slightly above that.
Q: But thats a tax on people under $250,000.
OBAMA: Thats why I would look at potentially exempting those who are in between.