Five days before election day, and they finally do the freaking math:
If he closes every loophole as promised, saves every dime from Iraq, raises taxes on the rich and trims the federal budget as he’s promised to do “line by line,” he still doesn’t pay for his list. If he’s elected, the first fact hitting his desk will be the figure projecting how much less of a budget he has to work with – thanks to the recession. He gave us a very compelling vision with his ad buy tonight. What he did not give us was any hint of the cold reality he’s facing or a sense of how he might prioritize his promises if voters trust him with the White House.
Hmmm… how will he do it? Notice how that “tax break” threshold keeps shrinking? He told Joe the Plumber $250,000. He then said in his “Defining Moment” ad that it was $200,000. Joe Biden was quoted this week saying it was $150,000.
The answer, CBS, is simple: the only way he can pay for his list is to raise taxes on all income levels.