Bait and switch? Maybe. Or maybe the Obama folks haven't quite made up their minds who they think is "rich". For awhile we were hearing that the line was drawn at $250,000 per year.
Here Obama says you'll get a tax cut if you make under $200,000 per year:
Then Senator Biden lowered the number to $150,000
The thing is, back before the primaries, while sitting in a local cafe doing a little work, I heard Barack Obama on the Michael Berry Show on AM 740 KTRH in Houston. In that interview, he stated that he intended to repeal the bush tax cuts for all Americans making over $150 per year.
Again, this was in the months leading up to last summer's primaries. I wish Mr. Berry posted transcripts. If he did, I would link to them so you, dear readers, could see for yourselves.
So, when I heard the Obama campaign placing their cutoff for tax increases at $250,000 per year, I already did not trust their message. Maybe Biden did us all a favor by showing the campaign's true tax colors.