Obama Camp Promises Tax Cuts for Families Earning Under $250,000 - Obama Campaign Press Call 8.14.08 AUDIO

WHO: Former Treasury Secretary Lawrence Summers, Economic Policy Director Jason Furman and Senior Economic Advisor Austan Goolsbee
WHAT: Press conference call to discuss Sen. Barack Obama's tax plan.
WHEN: Thursday, August 14 at 2:00 p.m. EDT

SUMMARY
Obama campaign Economy Policy Director Jason Furman and Senior Advisor Austan Goolsbee outlined Barack Obama's tax plan, supplementing a co-written op-ed in the Wall Street Journal which lists Obama's tax proposals. At the forefront of the tax plan was a promise to not raise taxes on any individual making under $200,000 or families making $250,000. They also committed to cutting taxes for most people making less than those amounts. Furman said that while the plan was a net tax cut at a time when the national debt is almost $500 billion, Obama would cut spending by ending the war in Iraq and paying for things as they go, as well as cutting other wasteful programs and spurring economic growth.



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