Q: Can you make an absolute, read-my-lips pledge that there will be no tax increases of any kind for anyone earning under $200,000 a year?
CLINTON: I will let the taxes on people making more than $250,000 a year go back to the rates that they were paying in the 1990s.
Q: Senator Obama, would you take the same pledge? No tax increases on people under $250,000?
OBAMA:
I not only have pledged not to raise their taxes, I've been the first candidate in this race to specifically say I would cut their taxes. We are going to offset the payroll tax, the most regressive of our taxes, so that families who are middle-income individuals making $75,000 a year or less, that they would get a tax break so that families would see up to $1,000 worth of relief.
Q: You both have now just taken this pledge on people under $250,000 and $200,000.
OBAMA: Well, it depends on how you calculate it. But it would be between $200,000 and $250,000.
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