Obama promises tax cuts for the middle class
- Will take place on January 20, 2013
- Quoted on June 27, 2008
- Countdown Expired
- Votes 1
- Chance 50.0 %
- Influence 116
He made no new proposals during the stop in Radnor Township, a prosperous Main Line suburb. Rather, he emphasized earlier ideas aimed at easing what he called the Bush administration's skew toward the wealthy.
His proposals include a $1,000 tax cut for most working families; imposing the Social Security payroll tax, now levied only on the first $102,000 of yearly income, on incomes above $250,000; a "windfall profits" tax on oil companies; and an end to income taxes for elderly people making less than $50,000 a year.
Kelly Sweeney of Hatfield, a mother of three, introduced Obama, talking about how the price of gasoline and the rapidly increasing price of groceries had squeezed her family as her husband's commission-based income dropped.
"I have watched politics as usual benefit the top 2 percent. I have stood by and watched corporate America get richer and richer while the people in my neighborhood struggle more every day," Sweeney said.
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