Is Obama Raising Taxes on the Middle Class? According to Joe Biden, Yes
October 11, 2010
At a campaign rally last week in Washington State for Sen. Patty Murray, Vice President Joe Biden said “Let me tell you what middle class is: Joe Biden.”
Well, given that Joe Biden made $333,000 in AGI last year (he made $215,000 in 1998 and over $200,000 every year since), I guess that means President Obama, according to Joe Biden, is raising taxes on the middle class since Biden exceeds that $200,000/$250,000 threshold set by the president.
Of course, Joe Biden saying that he is middle class just shows that the term “middle class” can mean whatever you want it to mean, whether you are Joe Biden or Todd Henderson. In reality, despite what Joe Biden may define as middle class, Pres. Obama isn’t directly raising taxes much on what he would call “middle class” taxpayers.
(Yes, Pres. Obama has technically broken his pledge given that families earning less than $200k/$250k have been hit with tax hikes in the health care bill and for smokers, but for the most part, middle-class families have thus far seen net tax cuts under Obama. Had cap-and-trade passed, or if a VAT gets passed, that could be a different story.)