Saturday, April 5, 2008

Capital Gains Tax Increase?

I don't know how these Democrat politicians ever expect to get elected as long as they promise tax increases as part of their program. Obama is promising just such an increase in the capital gains tax, which YOU have to pay if you simply sell your house! This tax, if it remains low, will help stimulate the economy. If raised, it will INHIBIT the economy. The Democrats talk a lot about the economy, while they do everything they can to kill it. Obama says he won't raise it past the 28% it was under Clinton, but people "in the know" look for it to rise to as much as 65%! Then other Democrats are promising to let the Bush tax reductions lapse, which is a HUGE tax increase on EVERYBODY. And they think they can be elected on such a promise. I guess they just think most Americans are ignorant. And they might be right, insofar as "politics" is concerned, especially since most of them don't "pay attention to politics" until just before an election when the lies are flying. (Money News)

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