Don't expect to read that headline by the mainstream media.  But it's true.

More Americans pay capital gains on $250 or less each year than make over $200,000.

Some interesting things from the Tax plan are:

1.  no taxes on the first $250 of capital gains for all americans

2.  adding an additional $500 tax credit for low income families for saving each year.

3.  Allowing Families to deposit their Child Tax credits into Tax free investment accounts.

4.  savings bonds for the low income up to $500 to match savings.

5.  "taxing wealth like you tax work" - increased captial gains rates.

6. eliminating the estate tax for estates under 4 million

http://johnedwards.com/news/press-releas es/20070726-economic-plan/

don't expect to read about tax cuts for the majority of the country.  Expect to read about tax hikes for a small percentage.

I wish they had a statistic on how many people will see lower taxes versus higher taxes under this plan but I can't find it.

I like this language.  It seems the populism is coming back.

http://johnedwards.com/news/speeches/200 70726-economic-fairness/

And third, in the past 10 years, the number of lobbyists in Washington has tripled to 36,000. That means there are sixty registered lobbyists for each member of Congress and 20 times more lobbyists than people in my hometown of Robbins, North Carolina.

That's all you need to know to know that Washington is the problem, not the solution. Something's wrong when we have 37 million Americans living in poverty and this kind of income disparity. When 45 million Americans can't get health care, but corporations can get whatever they want from Congress. That may be George Bush's America, but that doesn't mean it's right.

The crowd in charge now hasn't done anything to fix this. The truth is, Washington under George Bush and the Republicans has gone out of their way to make it worse, deliberately circling the wagons around success to ensure that those who have it get even more, instead of creating opportunity to give everyone an equal chance. But that doesn't mean it started when they came into office. Men in their 30s today earn less in real dollars than their fathers did 30 years ago. For an entire generation, regular workers haven't seen a raise. With this reality staring them in the face, it's not surprising that less than a third of Americans now believe the next generation will be better off.

Edwards is reminding the media who will endlessly point out he's rich, that he wasn't born that way.

None of this happened by accident. Washington is broken. The system is rigged. Cronyism and corporate interests prevail over fairness and the best interests of the American people. Washington puts Wall Street before Main Street. Pharmaceutical companies before patients. Agricultural conglomerates before family farmers. If you want to think about all this in a very simple way, it's that Washington values wealth over work. And it's no surprise - the people with wealth and corporate power are the same people who keep politicians in power. They scratch Washington's back and Washington scratches theirs.

But it doesn't have to be this way. I still believe passionately in the American Dream because I've lived it myself. I came from a family with very little - my father had to borrow $50 to bring me home from the hospital. Now I want for no material thing. I know that we can fix the mess we are in. I know that we can replace Two Americas with One America. We can end these divisions by recommitting ourselves to a government of, by and for the people, but it's not going to be easy.

There are powerful forces that will resist us. These are the same powerful forces I have fought against all my adult life. But I have defeated them before and we will defeat them together because no matter how powerful special interest America thinks it is, there is no one more powerful than the American people and together we can build One America and restore the American Dream we all believe in.

look for the media to paint this as strictly raising taxes while for most american households that make less than $45,000 they would likely see tax cuts.

More than half of all households pay no income tax already

http://www.taxfoundation.org/news/show/206.html