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Va. Dem Connolly: $250,000 is too low a cutoff on taxes

• August 8, 2012 1:07 pm

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Rep. Gerry Connolly (D., Va.) said Wednesday he disagrees with President Obama's plan to raise taxes on income over $250,000, in an interview with Politico Live.

JAKE SHERMAN: You’ve got some rich folks in your district, and around your district. Northern Virginia is obviously pretty wealthy. Is $250,000, as the president has said he wants to raise taxes on people at $250,000, is that the right cut off for you?

REP. JERRY CONNOLLY: No. I’ve never favored 250,000 as a cut off. Whether it be that, whether it be deductions, whether it be how to finance health care. I just think it’s too low. And it isn’t just my district, there’s lots of places where two successful professionals in a house hold earning an income, each earning their own income, it’s not that hard to reach 250. I grant you, it’s in an upper percentage, but in many many suburban communities around the United States it is not that unusual. Nor do those folks think of themselves as wealthy. I saw Nancy Pelosi and Chuck Schumer, for example, figures in our party who are hardly crypto-conservative, who have subjected a million dollar threshold. I am very comfortable with that threshold.