Obama: Mr. Tax-n-Spend

Oh, he’s the change candidate alright…as in…dollars and change.

Obama: “I think that we can have a capital gains rate that is higher than 15 percent. If it–and if it, you know–when I talk to people like Warren Buffet or others and I ask them, you know, what’s–how much of a difference is it going to be if it’s 20 or 25 percent, they say, look, if it’s within that range then it’s not going to distort, I think, economic decision making. On the other hand, what it will also do is first of all help out the federal treasury, which is running a credit card up with the bank of China and other countries. What it will also do, I think, is allow us to make investments in basic scientific research, in infrastructure, in broadband lines, in green energy and will allow us to give us–give some relief to middle class and working class families who have been driving this economy as consumers but have been doing it through credit cards and home equity loans. They’re not going to be able to do that. And if we want the economy to continue to go strong, then we’ve got to make sure that they’re getting a little relief as well”.

After paying for all the new programs and his multi-billion dollar mandated healthcare program, there won’t be any money left over for the (as yet undefined) middle class. This is change? How is this any different than the same tax increase proposals given by Democrat candidates of the past?

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2008 Election, Barack Obama, Liberalism, Tax

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