Obama Backtracks on Tax Increases

In the last ABCNews Democrat debate, Obama said (laughably) that he would not increase taxes on couples making less than $250K. Of course, he followed up that answer with the suggestion that he would raise the payroll tax cap, which today is at approximately $100K.

But in today's interview with Chris Wallace of FoxNews, Obama changed that $250K figure to $75K. No surprise.