Barack Obama and Joe Biden's Campaign Promise

Economy

Provide Middle Class Americans Tax Relief

Obama and Biden will cut income taxes by $1,000 for working families to offset the payroll tax they pay.



Eliminate Income Taxes for Seniors Making Less than $50,000:

Average 2.0 (51 votes)



    Barack Obama will eliminate all income taxation of seniors making less than $50,000 per year. This proposal will eliminate income taxes for 7 million seniors and provide these seniors with an average savings of $1,400 each year. Under the Obama-Biden plan, 27 million American seniors will also not need to file an income tax return.