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Obama Pushes for Higher Investment Taxes
usnews.com — As part of his "Tax Fairness for the Middle Class" plan, Barack Obama is in favor of nearly doubling the capital-gains tax rate from 15 percent to 28 percent. The Obama plan could also be called a "Ways in Which Government Can Collect More Taxes to Pay for New Spending" plan.
BooObama- 19 diggs
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- cashman57, on 05/12/2008, -4/+13This is a surefire way to slow down the economy more and take us from recession to depression. More than anything else he has said this proves he is not only a rookie when it comes to economics, he's dangerous.
- chicofaraby, on 05/13/2008, -4/+2Right wingers can shut the ***** up about economics. You had a decade in power. We've all seen the result. You nuts have NO credibility in a discussion of economic policy.
- MadKennyP, on 05/12/2008, -5/+9A better name would be, "A Democratic Plan to Begin to Bail the Country Out from Under the Massive Republican Debt."
- cashman57, on 05/12/2008, -3/+5Pretending Democrats are not part of the problem is being an ostrich. Obama will outspend whatever comes in and will never reduce the deficit, look at his voting record.
- cashman57, on 05/12/2008, -3/+5Pretending Democrats are not part of the problem is being an ostrich. Obama will outspend whatever comes in and will never reduce the deficit, look at his voting record.
- imacommi, on 05/12/2008, -2/+9Of course he wants to raise taxes, he is a liberal... and don't be fooled into thinking it will help paydown our national debt either, this is for spending.
- bepeace, on 05/12/2008, -5/+6Have you noticed our deficit? The cost of the wars? Collapsing bridges? We had a surplus when George II took over. We were in a position to pay down our debt but Bush refused. The Republican party has become the "spend but don't tax party", hence China now owns our country.
- cashman57, on 05/12/2008, -4/+6Quit lying. There was no surplus. There has never been a time the deficit went down. Only a fool would believe that he had a surplus while spending more than they take in and I noticed the Democrat budget was also a big deficit and the Democrats voted for funding of the Iraq use of force every time it came up for a vote. The problem with spending is in the halls of Congress.
- chicofaraby, on 05/13/2008, -1/+2You don't know the difference between deficit and debt. Again, the extreme right had it's chance. You nuts cut taxes for the rich and de-regulated the corporations and the economy fell in the toilet. AGAIN.
- cashman57, on 05/12/2008, -4/+6Quit lying. There was no surplus. There has never been a time the deficit went down. Only a fool would believe that he had a surplus while spending more than they take in and I noticed the Democrat budget was also a big deficit and the Democrats voted for funding of the Iraq use of force every time it came up for a vote. The problem with spending is in the halls of Congress.
- cashman57, on 05/12/2008, -3/+5Only one candidate will reduce spending and bring the troops home and it isn't a Senator.
Obama wants to increase troop levels, send two additional brigades to Afghanistan and leave a significant number of troops in Iraq.
Add to that the fact he has a record of supporting deficit budgets and off-budget spending and you get the picture he's going to take us down the same path we are on. - Dukeye, on 05/13/2008, -1/+3As Ron Paul has pointed out, why is it taboo to even debate decreasing spending? Why are the only two options presented to America:
1) Raise taxes and spending
2) Lower taxes for rich (tax the poor through inflation, lower our standard of living, put our children in debt to China) and raise spending
Sounds like two non-options to me.- chicofaraby, on 05/13/2008, -1/+2I see one department with a $500 billion budget plus several billion in off-the-books spending that needs cutting to the bone.
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