Sunday, March 1, 2009

No Tax Hike for People Earning Less Than $250,000?

I was shocked to read yesterday (Feb. 28, 2009)in the Times Herald Record, Middletown, NY that Senator Chuck Schumer supports Obama's budget proposal. This is what the author, Chris McKenna, quoting Schumer, said, in part:

"My view is that the very highest end should pay more taxes, and that's because
the median incomes are shrinking," he said. "The average, middle-class person,
in the last seven or eight years, has treaded water, at best."
Schumer declined to specify an income threshold for raising taxes.

"Declined to specify an income threshold."
You know what this means: hold on to your wallet!

Photo credit: Times Herald-Record/DOMINICK FIORILLE

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