'Joe the Plumber' Comes Clean: 'I Would Be Receiving Obamaâ€™s Tax Cuts'
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As ThinkProgress and many others noted yesterday, the premise of Joe "the Plumber" Wurzelbacher's complaints about Barack Obama's tax plan was ill-informed. Contrary to Wurzelbacher's claims, "neither his personal taxes nor those of the business where he works are likely to rise if Mr. Obama's tax plan were to go into effect."
As CBS News reported, even "Joe The Plumber" acknowledges this fact now:
So today, Joe, who said he makes much less than $250,000, reluctantly admitted Obama would lower his taxes.
"I would, if you believe him, I would be receiving his tax cuts," Wurzelbacher said.
Bloomberg reports that "one other problem in making Wurzelbacher a symbol of the overtaxed" is that - even if he did earn an adjusted gross income of $280,000 -- " he would pay just $773 more in taxes under Obama's plan than McCain's." That amount would hardly deal a crippling blow to his potential small business.
Faiz Shakir is the Research Director at the Center for American Progress and serves as Editor of ThinkProgress.org and The Progress Report.