Joe Biden reveals the slippery slope effect I noted below while campaigning. Obama has been adamant that if a household makes less than $250,000, taxes will not go up. First, Biden says the limit is $200k, now he says $150k.
Many are calling this a classic Biden gaffe but was it really a mistake or are they just covering?
Campaigns are very careful to review the talking points and keep everyone on the same page. How many times have we heard "if you make less than $250,000..." from the Obama campaign? There's a reason for this--it sells the tax policy to the grassroots who are likely to benefit from this limit. Imagine if the limit were $60k? A lot of voters would start asking questions! Thus the $250k limit is very important and so is consistency in communicating that number when talking about tax policy.
So did Joe Biden just transpose a number here or there, or do his comments give us insight into the "real" and ever-changing policy we can expect?