Obama tax calculator offers tax cuts for millionaires
The Obama campaign unveiled a new website Thursday as part of a major communications push to convince voters that Mitt Romney’s tax plan favors the rich.
The website includes a tax calculator that allows voters to compare their tax savings under President Obama’s and Gov. Romney’s competing plans.
However, the tax calculator seems to be doing some fuzzy math. President Obama has promised to raise income taxes on all Americans making more than $200,000 and all families making more than $250,000 a year. Obama campaign spokesman Jen Psaki told reporters aboard Air Force One earlier today, “If you’re a millionaire or billionaire, it’s probably not looking good for you in our plan, but otherwise, you’re great under our plan. So we encourage people to go [to the calculator website].”
