Are you one of the 95 percent of Americans whose taxes would be cut under Barack Obama’s budget? Does the thought of that tax cut being paid for by tax increases on the wealthiest 2 percent of the population strike terror into your heart? If so, you’re in look, because it’s not just Republicans who are eager to spare you from this nightmare moderate Democrats such as Evan Bayh and Ben Nelson want to keep the rich as rich as possible too:
As for the tax increases on high-income earners called for in Obama’s plan, [Evan] Bayh said, “I do think that before we raise revenue, we first should look to see if there are ways we can cut back on spending.” […] “I have major concerns about trying to raise taxes in the midst of a downturn of the economy,” said [Ben] Nelson, the conservative Nebraska Democrat. “On the one hand, you’re trying to stimulate the economy. On the other hand, you’re trying to keep money from going into taxpayers’ pockets. It’s very difficult to make that logic work.”
It’s particularly depressing here that Nelson seems to have gotten 100 percent of his information about Obama’s tax plans from Fox News and zero percent from participating in the extensive on- and off-the-record briefings for members of congress, congressional staff, and media that the administration has organized. But once again, nobody is raising taxes in the midst of a downturn.
Meanwhile, the median household income in Indiana is $42,000 a year. Families making that much would not see tax increases under Obama’s plan. Families making double the Indiana median household income would not see tax increases under Obama’s plan. Families making double that would not see tax increases under Obama’s plan. Only families making almost six times the median household income of Indiana would see increases; increases that would essentially take us back to the rates that prevailed during the more prosperous 1990s. But never fear, if you’re dramatically richer than most Indianans and sociopathically unconcerned with the well-being of your fellow citizens, then Evan Bayh is fighting for you.