Taxes tax wealthy increase middle class balance budget credits Obama

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Obama on a tax increase for the ...

Obama on a tax increase for the wealthy

Visit http://glassbooth.org for more information. (more)

Added: 968 days ago

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Obama Woos Middle Class

President Obama is trying desperately to win back struggling middle class Americans in a critical el... (more)

Added: 569 days ago

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Obama: Middle Class "Under Assau...

Obama: Middle Class "Under Assault"

In a preview of the State of the Union address, President Obama offered assistance to people struggl... (more)

Added: 569 days ago

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Obama Reaches Out to Middle Clas...

Obama Reaches Out to Middle Class

President Obama is holding town hall meetings around the U.S. in a quest to reconnect to the middle ... (more)

Added: 569 days ago

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Obama to Address Middle Class

As President Obama prepares for his State of the Union address, Bill Plante reports on his message o... (more)

Added: 569 days ago

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Howard Zinn on taxes and class w...

Howard Zinn on taxes and class war

More at http://therealnews.com/c.php?c=081001YT Howard Zinn: The US has always had class war over w... (more)

Added: 563 days ago

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Bankruptcy Filing Up 73% Among W...

Bankruptcy Filing Up 73% Among Wealthy - Bloomberg

Wealthy individuals filing for bankruptcy jumps 73% in the second quarter from a year earlier. (Bloo... (more)

Added: 582 days ago

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Sen. Sanders: Tax wealthy to pay...

Sen. Sanders: Tax wealthy to pay for bailout

More at http://therealnews.com/c.php?c=081001YT Sen. Bernie Sanders proposes amendment to make the w... (more)

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Health Plan Would Tax Wealthy - ...

Health Plan Would Tax Wealthy - Bloomberg

House democrats propose that the wealthiest American should shoulder the most about health-care. (Bl... (more)

Added: 582 days ago

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Middle Class Support Shaky - Blo...

Middle Class Support Shaky - Bloomberg

Congress returns to work on the health care legislation. Several polls indicate the support from the... (more)

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Obama: Raise Taxes, Capital Gain...

Obama: Raise Taxes, Capital Gains -

Obama wants to raise the Capital Gains Tax "for purposes of fairness", even if we collect less money... Obama wants to raise the Capital Gains Tax "for purposes of fairness", even if we collect less money and run up more debt that China will buy up. This goes contrary to what he was saying about the "Bank of China Credit Card", and the part about paying down "some of this debt". We will never be able to pay down our debt as long as Politicians know that they are able to spend money on the people in return for votes and do favors for Corporations in return for money making opportunities when they leave office. I know he says that these are the kind of things that he will change, that part would be great, I just don't like all of the liberal policy changes and laws he would be making, like taking my guns away, free abortions for anyone any age any reason no parental consent or even notification, letting Iran have Iraq, raising taxes on the "Wealthy", and just his general philosophy that Government is the answer to almost all of our problems. I don't think he's a bad man, I just think that he will be bad for America. Obama Pushes for Higher Investment Taxes September 19, 2007 03:02 PM ET | James Pethokoukis As part of his "Tax Fairness for the Middle Class" plan, Barack Obama is in favor of nearly doubling the capital-gains tax rate from 15 percent to 28 percent. Leaving the fairness issue aside for a moment—as well as the impact of higher taxes on economic growth—the Obama plan could also be called a "Ways in Which Government Can Collect More Taxes to Pay for New Spending" plan, since Democratic candidates are all scrambling to figure out ways to plausibly pay for new healthcare, education, and infrastructure spending if elected. But Dan Clifton over at Strategas Research thinks the Dems may be disappointed by the ROT—return on taxes—from higher cap-gains rates. After reviewing the connections between changing cap-gains rates and government revenue during the past five decades, he concludes that higher cap gains could well be a revenue loser for Uncle Sam. We examined the impact of capital-gains tax rates on investors realizing their gains. As the tax rate increases, investors hold their gains to avoid paying the higher tax. Conversely, lowering the capital-gains tax rate spurs realizations. Interestingly, the 1986 Tax Reform Act increased the capital-gains tax rate from 20 to 28 percent, but investors were given roughly three months before the tax increase was enacted into law. In turn, investors rushed to realize their gains before the higher tax rate kicked in, and capital-gains realizations remained depressed for nearly a decade thereafter with the higher tax rate in place.... Therefore, proposals to raise tax revenue from capital-gains tax increases will be scored as a net revenue gain to pay for new spending, but in reality, the tax revenue may not materialize, which will force tax increases elsewhere to pay for spending. (more)

Added: 968 days ago

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