"...their poll-tested phrases obscure the truth about who would be affected..."
Top 2% Not Job Creators or Millionaires in Tax Debate
By Richard Rubin - Jul 20, 2012 12:01 AM ET
Bloomberg.com
President Barack Obama describes them as “millionaires and billionaires� who can afford to pay higher taxes. Republicans call them “job creators� who need to keep their money so they can hire more workers.
As the Democratic president and his Republican opponents debate whether to extend the George W. Bush-era tax cuts for the top 2 percent of U.S. taxpayers -- individuals earning more than $200,000 a year and married couples making more than $250,000 -- their poll-tested phrases obscure the truth about who would be affected.
They are two-earner professional couples living on the East and West Coasts, doctors, lawyers, engineers and Wall Street executives. Few are billionaires or earn more than $1 million a year, and most are not employers.
More: http://www.bloomberg.com/news/2012-07-20/top-2-not-job-creators-or-millionaires-in-tax-debate.html