09-27-2008
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Wandering Aimlessly
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Join Date: Nov 2002
Location: Cruising
Posts: 9,439
Rep Power: 10
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But when taken in conjunction with his stand on cap gains, as articulated in the primary, the logic becomes clear.
Quote:
[i]MR. GIBSON: n each instance, when the [capital gains tax] rate dropped, revenues from the tax increased. The government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down. So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?
SENATOR OBAMA: Well, Charlie, what I've said is that I would look at raising the capital gains tax for purposes of fairness. We saw an article today which showed that the top 50 hedge fund managers made $29 billion last year -- $29 billion for 50 individuals. (emphasis added).
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__________________
John
Ontario 32 - Aria
Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love. JCP
Music on the Wind - www.sailaria.net
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