Obama Describes His Tax Policies

[youtube=http://www.youtube.com/watch?v=SvhUgeh7JWI]

Republicans have been making a number of false claims about Obama’s tax plans. The video above shows Obama describing his actual proposals. As noted yesterday, the vast majority of Americans will receive a tax cut under Obama, not a tax increase as the Republicans are often claiming. In the video Obama makes it clear that those earning under $250,000 will not receive an increase in taxes–not in their income tax, not in Social Security payroll taxes, and not in capital gains taxes. The vast majority will receive a tax cut.

I’m not saying things will definitely turn out this way as we cannot predict the future, and the president does not have complete control over tax policy. However this does contradict a number of claims being thrown around by Republicans who are misquoting Obama’s tax proposals to scare people into voting Republican.

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