The upper floor for those tax cuts keeps getting lower, doesn’t it? Bill Richardson tried explaining the Barack Obama tax plan to Oklahoma’s Steffen Tubbs, but he managed to find yet another income level for the cutoff between the wealthy and the middle-class. Notice how this keeps getting lower?

Obama started at $250K, dropped to $200K, Joe Biden adjusted it to $150K earlier this week, and now it’s dropped another 20% since then. Either Team Obama really doesn’t understand their own policies, or they’re trying to make sure that no one else does. What does that tell people about the competence of this campaign and its candidate?