New Yorkers Fearful Of Obama ‘Middle Class’ Tax Plan

Democrats Beg President To Define What 'Rich' Means

NEW YORK (CBS 2) — Do you consider yourself to be middle class?

President Barack Obama hit the road Wednesday talking about taxes, and defending a plan that will mean a smaller paycheck for people who aren’t exactly rich.

CBS 2 political reporter Marcia Kramer reports that plan could hit the tri-state area very hard.

With the November elections approaching and fear of possible Democratic losses, President Obama gave an impassioned speech Wednesday about providing permanent tax cuts for the middle class.

“We should not hold middle class tax cuts hostage any longer,” the president said.

The president wants low and middle class families to keep the so-called Bush tax cuts, but he wants taxes to go up for individuals making more than $200,000 and two-earner married couples making more than $250,000.

But the plan will dramatically affect people living in the metropolitan area where wages are higher because the cost of living is higher. The Obama plan means:

* An extra $2,100 in taxes for the family here making $250,000

* An extra $4,441 for a family at the $300,000 level

* And $7,388 in extra taxes for those making $500,000

* If you make $1 million your tax bill goes up $51,389, according to the Manhattan Institute

Members of the president’s own party say he’s dead wrong and needs to dramatically increase his definition of “middle class” before he sends IRS agents knocking.

“Two-hundred fifty thousand sounds like a lot of money but for a couple of working households in New York, you know, before taxes, that’s not exactly rich. I think it should be higher, maybe something in the magnitude of a million dollars and that still gives plenty of money,” said Rep. Anthony Weiner (D-Brooklyn/Queens).

“I’ve introduced legislation to vary income tax brackets according to the cost of living in a locality to make things more fare,” added Rep. Jerrold Nadler (D-Manhattan).

Republican Congressman Peter King said President Obama’s idea is terrible for our area.

“It’s going to hurt investments. It’s going to cut back on jobs. It’s going to hurt sales tax revenue here in the state. It’s absolutely devastating,” King said.

“The idea of raising taxes on anybody is a rather horrifying prospect in this kind of on economy,” added resident William Doyle.

“Part of the country is … they don’t have a job and going down the tubes and so now he’s just taking money from those who have, you know, it’s a ridiculous way to do things,” said James Goree of Washington Heights.

“I understand it and I support him, but I’m not sure about that because I’m thinking about how it’s going to affect my family,” said Debbie Raymer of the Upper West Side.

What’s clear about the president’s tax plan is that there’s going to be a big debate in Washington. What’s unclear is whether he can get the votes to pass it.

The president also wants tax breaks to let businesses write off 100 percent of spending on new investments and equipment during all of next year.

Comments

One Comment

  1. Wayne Serbin says:

    Maybe in Chicago, where Obama lives, $200,000 is a lot of money, but not here in Manhattan. the cost of living is a lot higher.

  2. Juan Perez says:

    The President can raise taxes. I work off the books and collect government subsidies. My 5 children get free school lunches and Medicaid. We live is Section 8 housing.

  3. Omar says:

    Commander… Please don’t stop taking your meds

  4. commander says:

    THE IRON HEEL OF OBAMA

    IN THE PAST FEW DAYS, OBAMA HAS LASHED OUT AGAINST CONSERVATIVES IN A WAY THAT SHOWS THEY ARE ABOUT TO CRACK DOWN ON ALL DISSENT IN THIS COUNTRY. LAST WEEK, BILL CLINTON CLAIMED SAID THAT THOSE ON THE RIGHT SHOULD TONE DOWN THEIR RHETORIC. A HACK WRITER NAMED JOE KLEIN GOT ON NBC AND SAID THAT REMARKS THAT HAVE BEEN MADE BY SARAH PALIN AND OTHER CONSERVATIVE COMMENTATORS CONSTITUTE SEDITION.

    OBAMA HAS BEEN GETTING BOLDER AND BOLDER. FIRST THEY PUT FORWARD THE IDEA OF REVIVING THE UNFAIRNESS DOCTRINE, WHICH WOULD DESTROY CONSERVATIVE TALK RADIO. THEN THEY CLAIMED THAT TOO MUCH “HATE” WAS COMING FROM THE TEA PARTIES AND THE RIGHT. AND NOW THEY’RE PUTTING IT IN TERMS OF ACTUAL SEDITION. THEY ARE TRYING TO ESTABLISH A LEGAL BASIS FOR SHUTTING UP THOSE THAT THEY DISAGREE WITH.

    THE IRON HEEL OF OBAMA IS COMING DOWN QUICKLY. IT IS ONLY A MATTER OF TIME BEFORE OBAMA USES SOME EXTRA-CONSTITUTIONAL MEANS OF SILENCING HIS OPPONENTS. IT MAY COME AS AN EXECUTIVE ORDER. IT MAY COME AS A BILL FORCED THROUGH THE CONGRESS BY RECONCILIATION. OR IT MAY BE SOMETHING ELSE. BUT BE ASSURED THAT IT WILL COME. AND WHEN IT DOES, DON’T COUNT ON THE WEAK-KNEED REPUBLICANS AND DEMOCRAT IN CONGRESS TO PROTECT YOU. THEY SEE WHICH WAY THE WIND IS BLOWING, AND THEY’RE GOING ALONG TO GET ALONG. ONLY ACTION BY THE PEOPLE THEMSELVES CAN STOP THIS NOW. MAYBE THE TEA PARTIERS, MAYBE SOMEONE ELSE. BUT IF ACTION IS NOT TAKEN SOON, THE IRON HEEL OF THE OBAMA WILL HAVE CRUSHED FREE SPEECH IN AMERICA.
    “INPEACH OBAMA THE COMMUNIST ,GOD OPEN YOUR EYES.//////For us there are only two possiblities: either we remain american or we come under the thumb of the communist Mmslim Barack Hussein OBAMA. This latter must not occur.the commander
    REPOST THIS IF YOU AGREE
    THE COMMANDER

  5. commander says:

    OBAMA goes about his business by speaking the lie. II Thessalonians 2 says that he comes “with all deceivableness of unrighteousness.” Revelation 13:12 says, “and he spoke as a dragon….” Revelation 17 tells us that he was a false prophet, a prophet being one whose calling it is to speak and to teach. The armies of the world may have guns and tanks and bombs to bring people into submission; but the power of speech and ideas is a mighty power. In his initial attempts to destroy the cause of God, OBAMA used a serpent to deceive the woman with crooked speech: “You will be like God.” Now he uses a “dragon” who speaks crafty, lying words. His speeches will be heard by millions who will hang on his persuasive rhetoric. The content as well as the form of his speech will attract. Like most false prophets, he will even be sincere and passionate. But he is a liar. He adds dashes of truth to the mix, so that his lie tastes like truth. He will use all the right catchwords, using the language of the church, even throwing in a Bible text or two. But he is the ultimate Liar, and will deceive many.
    OBAMA will use every tool available: school teachers, politicians, news broadcasters, artists, musicians, scientists and doctors, lawyers and businessmen. All will be pressed into the service of OBAMA to deceive men. But especially he will use those whose calling it is to persuade and to teach �quot; men who claim to be preachers of the gospel of Jesus Christ.
    THE COMMANDER,,, REPOST THIS IF YOU AGREE .. THE END OF AMERICA

  6. commander says:

    TO THE WEAK-KNEED REPUBLICANS AND DEMOCRAT…..TO ALL THE COMMUNIST IN THE IG,FBI,CIA,AND U.S. Senators and the left wing media outlets////////07 Sept. 2008 11:48:04 EST, Televised “Meet the Press” THEN Senator //Mmslim Barack Hussein Obama, was asked about his stance on the
    American Flag.

    General Bill Ginn USAF (ret.) asked //Mmslim Barack Hussein Obama, to explain WHY he doesn’t follow protocol when the National Anthem is played. The General stated to Obama that according to the United States Code, Title 36, Chapter 10, Sec. 171 “…During rendition of the national anthem, when the flag is displayed, all present (except those in uniform) are expected to stand at attention facing the flag with the right hand over the heart. Or, at the very least, ‘Stand and Face It’.”

    NOW GET THIS!! – – – – –
    ‘Senator’ //Mmslim Barack Hussein Obama, replied:

    “As I’ve said about the flag pin, I don’t want to be perceived as taking sides”.
    “There are a lot of people in the world to whom the American flag is a symbol of oppression..”
    “The anthem itself conveys a war-like message. You know, the bombs bursting in air and all that sort of thing.”

    (ARE YOU READY FOR THIS???)

    //Mmslim Barack Hussein Obama, continued: “The National Anthem should be ‘swapped’ for something less parochial and less bellicose. I like the song ‘I’d Like To Teach the World To Sing’. If that were our anthem, then, I might salute it. In my opinion, we should consider reinventing our National Anthem as well as ‘redesign’ our Flag to better offer our enemies hope and love. It’s my intention, if elected, to disarm America to the level of acceptance to our Middle East Brethren. If we, as a Nation of warring people, conduct ourselves like the nations of Islam, where peace prevails – – – perhaps a state or period of mutual accord could exist between our governments.”

    “When I become President, I will seek a pact of agreement to end hostilities between those who have been at war or in a state of enmity, and a freedom from disquieting oppressive thoughts. We as a Nation, have placed upon the nations of Islam, an unfair injustice which is WHY my wife disrespects the Flag and she and I have attended several flag burning ceremonies in the past”.

    “Of course now, I have found myself about to become the President of the United States and I have put my hatred aside. I will use my power to bring CHANGE to this Nation, and offer the people a new path… My wife and I look forward to becoming our Country’s First black Family. Indeed, CHANGE is about to overwhelm the United States of America “INPEACH OBAMA THE COMMUNIST ,GOD OPEN YOUR EYES.//////For us there are only two possiblities: either we remain american or we come under the thumb of the communist Mmslim Barack Hussein OBAMA. This latter must not occur.the commander
    REPOST THIS IF YOU AGREE

  7. commander says:

    TO THE WEAK-KNEED REPUBLICANS AND DEMOCRAT…..Wake up america!!!! This goverment is the most corrupt we have had in years. The good old boy network is very much in charge.Mr. obama and pelosi are the puppet masters.How many of their good friends benefited by the agreement ” what a farce. All of the u.sSenators voted for this. I am ashamed to say I voted for the these corupted self serving politicians.With good reason they picked an out of towner to be president.All u.s departments need an overhaul. We need to rid ourselves of the puppet masters and the dept heads that bow down to obama and pelosi.I am sick of the lip service I have been getting from these dummies over violations, their friends are getting away with.in the goverment . Barack Hussein Obama , threatens friends and bows to Mmslim.
    INPEACH OBAMA ,GOD OPEN YOUR EYES.///For us there are only two possiblities: either we remain american or we come under the thumb of the communist Mmslim Barack Hussein OBAMA. This latter must not occur.THE COMMANDER

  8. Hoodman says:

    There should be increased taxes on the poor. People should not be subsidized by the middle or upper class just because that person doesn’t want to work or doesn’t want to pursue an education and a better living. Tax the poor, and we’ll see just how productive this country becomes again.

    1. RWAreNuts says:

      Right, because the poor are poor because they are lazy. I seriously hope you lose everything. Then lets raise your taxes to make it even harder on you. Then you can cry about the poor. Until then, stfu.

  9. Mr. Reality says:

    There should be a regional factor that takes into account the additional cost of living expenses for NYC, Boston, and San Fransisco residents.

    There should also be a “Thank You” credit for those same residents, as those are the areas that drive this country’s entire economy.

    And there should be term limits set for all those who hold political office, and term limits on those collecting welfare.

  10. Gary says:

    Persons earning $250.000 and nore can surely pay the taxes.Cost of living affects eveyone even the poor

  11. j. cronin says:

    a person making 1/4 million a year and facing a $40.00 week additional tax bill – should just be thankful –

  12. Dan Te says:

    Middle Class should start at $45,000. With everybody paying their fair share and nobody getting freebies, there will be no free loading slimeballs voting idiotic politicians in for expensive “freebies”.

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