The National Review On-Line
October 7, 2011 6:00 P.M.
Is the threshold $250,000 or $1 million in income?
In his role as head of the Democratic party’s political-messaging operation, Sen. Chuck Schumer (D., N.Y.) has been one of the prominent voices in the ongoing and often heated debate in Congress over federal deficits and debt. At every turn, he has loudly accused Republicans of risking a government shutdown, or even default, in order to protect “tax breaks for the wealthy.” However, when it comes to actual tax policy — and the precise definition of the term “wealthy” — Schumer and his Democratic colleagues, most notably President Obama, don’t exactly see eye to eye.