Clinton pledges not to raise taxes on individuals (or households? not sure) making under $250,000. Pledges not to raise taxes on middle class. Obama: I not only wouldn't raise taxes on the middle class, I'd cut them! Says he'd cut payroll taxes. Focuses more on low income people. More details than Clinton, and somewhat better answer, to me anyway. Tax code has been "written on behalf of the well-connected." Says his cutoff is $200,000-$250,000. Gibson: When capital gains taxes have been raised, revenues have gone up from it? Why ever raise them? Obama: Um... Points out that low capital gains taxes result in hedge fund managers are paying a lower rate than secretaries. Too much policy detail to represent accurately here, but it's solid. Clinton: Comes back with her own snappy policy. Both candidates are remarkably impressive on the issue, both refuse to commit to not raise capital gains taxes above what they were in the first Clinton administration. They differ on whether to raise the cap on payroll taxes (Clinton opposed, Obama in favor). Obama somewhat more alarmist about social security's future than Clinton. She's anti-commission while Clinton is pro. Clinton: "we'll work it out." --Sam Boyd
