Bill Richardson: likeable guy but terrible ideas

With the recent appointment of Commerce Secretary Bill Richardson I have a few a questions.

To lay the groundwork for this lets go back to Obama during the political debates.
At first Obama said anyone who make under $250,000 would see a tax cut. A month or two later in the campaign all of the sudden that number was now down to $200,000. Now keep in mind I'm well aware that Obama's platform was based on a "trickle up" rather than "trickle down" economics. If anyone tells me how you create more jobs based on trickle up economics I would love to have that debate.

Now back to Richardson, he says that,"under Obama's plan people making under$120,000 will now get a tax cut." Meaning that if you and your spouse ever make more than that, HELLO 39%. Now this is where this gets fantastic: lets say you make $120k, well guess what? now you will only bring home $73,200. Throw your annual costs onto that as well: mortgage, gas bill, electric bill, car payment and maybe even college loans. Married couples making $120,000 under George Bush saw 28% income tax (which you would see $86,400 back).

The Difference between the two, a little over $13,000. So what happens to small business owners under Obama? Can they expand and invest in their companies?
How does that bring new jobs when the small business owners get taxed to death.

We'll all have to sit back and watch where the Obama administration finally draws the line. Just something to think about. If any of this proves true, then the American dream dies at $120,000.