Readers have expressed a regular interest in who's getting a tax cut under the presidential candidates' plans. Senator Obama has promised that 95% of us will see a reduction in our taxes. he said it two ways in the debate last Friday at Ole Miss:
(1) ...in [McCain's] tax plan, you would have CEOs of Fortune 500 companies getting an average of $700,000 in reduced taxes, while leaving 100 million Americans out.
So my attitude is, we've got to grow the economy from the bottom up. What I've called for is a tax cut for 95 percent of working families, 95 percent.
(2) ...My definition [of rich] -- here's what I can tell the American people: 95 percent of you will get a tax cut. And if you make less than $250,000, less than a quarter-million dollars a year, then you will not see one dime's worth of tax increase [Senator Barack Obama, presidential debate, University of Mississippi, 2008.09.26].
PolitiFact.com checked the first version of the statement a couple weeks ago and ruled it flat True. But when he reiterated the point, Senator Obama Palin'ed out and got excited with his pronouns, rendering the 95% claim only Half True. If we're talking you—i.e., us—only 81% of all of us will see reduced taxes.
And rich CEOs will still not share in those tax breaks. Oh, the travesty.