The Background: In his address to Joint Session of Congress, President Obama promised to not raise the taxes on anyone making less than $250,000 per year.
Now, let me be clear, let me be absolutely clear, because I know you’ll hear the same old claims that rolling back these tax breaks means a massive tax increase on the American people: if your family earns less than 250,000 dollars a year, a quarter of a million dollars a year, you will not see your taxes increased a single dime. I repeat: not one single dime. In fact, not a dime. In fact, in fact the recovery plan provides a tax cut – that’s right, a tax cut – for 95% of working families.