Obama's 'no income taxes on seniors' draws critics

Democratic presidential candidate Barack Obama's plan to exempt some senior citizens from paying income tax is getting bad reviews from tax policy experts.

Obama has pledged that seniors making less than $50,000 a year would not have to pay income tax. Tax policy experts see it as another subsidy for senior citizens, who already get federal help through the government's Social Security pension plan and Medicare health insurance and often have economic advantages over other demographic groups.

Seniors typically have paid off their mortgages. Many have investments and usually don't pay taxes on their Social Security benefits. The kids are usually grown, so …