• sheltercrow said on Jun 21, 2008....

  You may need to get your facts correct...
  
  In a June 9 interview with CNBC's John Harwood, Obama said, "[K]eep in mind on all of these proposals, what I have said is, let's make sure that we define the well-off so that we're not hitting the middle class. I generally define well-off as people who are making $250,000 a year or more, and that means, for example, if we raise the capital gains tax, I would exempt people who are essentially small investors, and really capture the -- those who have done very, very well over the last two decades."
  
  Furthermore, the assertion that Obama's tax plan would put Americans' retirement plans at risk is false. Distributions from 401(k) and IRA accounts are taxed as regular income, not as capital gains.

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