Economy: Economic News, Policy & Analysis - The Washington Post: Did Biden redefine who’s wealthy? No.

Economy: Economic News, Policy & Analysis - The Washington Post
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Did Biden redefine who's wealthy? No.
Oct 12th 2012, 17:19

During his debate last night with Rep. Paul Ryan, Vice President Biden repeatedly underscored the Democratic position that Bush tax cuts for the rich should be allowed to expire. But his remarks suggested that the cutoff would be $1 million—significantly above the $250,000 threshold that President Obama and Democratic leaders have supported. Here's his explanation:

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