Posted by
meg on Monday, June 09, 2008 12:39:44 AM
Obama plans to return to the failed policies of high taxation coupled with
an expansion of government spending.
Worse, Obama says he is absolutely committed to almost doubling the capitalgains rate - something he will easily accomplish with a Democrat Congress.In the coming months - when investors realize that Obama will raise the cap
gains rate - there could be a stampede of asset sales as investors rush totake their profits now to avoid Obama's doubling of the tax rates next year.All of these issues and more are explored
Indeed, Obama makes no bones about his plans to go on a tax rampage. Notonly would he increase the capital-gains tax rate from 15 percent to as much as 28 percent, he wants to allow the 2001 and 2003 Bush tax cuts to expire
in 2010, which effectively raises taxes on Americans by tens of billions of
dollars. He also wants to do away with the $102,000 FICA payroll tax cap, which means
anyone making over $102,000 would pay an additional 7 percent in taxes on
earned income. And the loan dividend tax rate George Bush implemented? Under President
Obama it will be DOA!
* How Obama's policies could cost more than $850 billion over four years
* The dire repercussions of Obama's minimum wage proposal for small businesses and retail outlets
* Obama aides' private and very revealing admission about the candidate's economic savvy
* The surprising revelation when Barack's own tax returns were reviewed by an expert
* The "proof" that Obama will kowtow to organized labor * Obama's Social Security plan: a giant income-redistribution scheme
* How Obama's policies could boost some tax rates to 60 percent Leading economist Arthur Laffer's warning on Obamanomics Obama's policies point by point on energy, healthcare, regulation,and the housing crisis * Who would lose under Obama's tax proposals - and who would win How Barack "flunked" an easy question on capital gains * The Democrat's contradictory statements on tax increases * Why Obama's campaign against special interests would backfire * Obama's plan to double America's foreign aid * How Obama's trade policies would damage U.S. multinationals
* Obama's embarrassing denial regarding NAFTA
* The National Taxpayers Union's Obama rating: just 5 percent * Obama's misguided views on technology's future * How the Democrat would undermine private sector healthcare * Obama's tactics - old left-wing populist ploys