Joe the Plumber Eligible for Obama Tax Cut?

By Natalie Gewargis

Oct 16, 2008 10:33am

ABC News’ Chris Bury is outside Toledo, near the home of Samuel Joseph Wurzelbacher, aka "Joe the Plumber," and reports that Wurzelbacher — such a key part of Sen. John McCain’s critique of Sen. Barack Obama’s economic proposals — acknowledged that he wants to purchase the plumbing business for $250-280,000, not that he would net that much in profits.

He would make much less, he said.

Which would seem to indicate that he would be eligible for an Obama tax cut, not that he would be subject to the tax increase from 36% to 39% Obama would impose on those making more than $200,000 per person, or $250,000 per family.

Wurzelbacher this morning told ABC News’ Diane Sawyer that he was talking about, in Diane’s words, the prospect, the hope that someday he would make $250,000.

"Well, exactly," he said. "Exactly. I mean, not that I don’t want to be taxed. You have to be taxed. But to — just because you work a little harder to have a little bit more money taken from you, I mean, that’s scary. You know, as opposed to other people. I worked hard for it. Why should I be taxed more than other people?"

Diane asked, "If those people should not be taxed additionally, even though they’re in the top 5% of America, what about people who make $1 million? Or $5 million?"

"Well, I mean, quite honestly, why should they be penalized for being successful?" Wurzelbacher asked. "I mean, that’s what you’re telling me. That’s what it sounds like you’re saying. That’s wrong. Because you’re successful, you have to pay more than everybody else? We all live in this country. It’s a basic right. And Obama wants to take that basic right and penalize me for it, is what it comes down to. That’s a very socialist view and it’s incredibly wrong. I mean, $250,000 now. What if he decides, well, you know, $150,000, you’re pretty rich, too. Let’s go ahead and lower it again. You know it’s a slippery slope. When’s it going to stop?"

- jpt

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