The missing facts in President Obama’s news conference - The Fact Checker - The Washington Post

The missing facts in President Obama’s news conference - The Fact Checker - The Washington Post

Eliminating oil and gas preferences would raise $44 billion over 10 years, according to administration figures (table S-8), so that begins to look like real money. But the real dollars are in what the president calls “tax breaks for millionaires and billionaires” — eliminating the ability of people making more than $250,000 to itemize their deductions. That proposal would raise $290 billion over 10 years.


Wait a minute, the president said he would target “millionaires and billionaires” and yet the fine print of his proposal would affect couples making more than $250,000 (and individuals making more than $200,000)? That’s right.