It is well known that Obama's definition of being wealthy is an annual income of $250,000. However, just recently, he reduced it to $200,000, and even more recently, Biden claimed that line to be $150,000. A sizable chunk of the middle class is above $150,000, so in essence, the middle and upper middle classes will experience a tax increase.
Lastly, it is completely devious and outright untrue to say that those below $150,000 (or wherever the line is drawn) will receive a tax cut because it is the stated intention of Obama and the Dems to allow the Bush tax cuts to expire, resulting in a tax increase for all income earners.
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