Sunday, May 18, 2008

Will Obama cause a recession?

From Obama Clueless on Taxation and Entrepreneurship

Back in April in a televised debate with Hillary Clinton, Obama revealed details about why he will seek to increase long term capital gains rates from 15% to 28%, affecting anyone who owns stock. We all think of taxes as a revenue generator needed to run our country, but Obama thinks of taxes as a fairness axe, meant to cut down anyone who is more successful than he is ...

Great chart too, showing capital gain tax increases and their outcome. I won't rip it, head over and read the article.

No comments: