Obama - higher taxes are good

by Andrew Malcolm and Mark Silva, Los Angeles Times: Sen. Barack Obama went after the "We're not paying enough taxes to the government" vote today during a television interview in New York. . . . Maria Bartiromo on CNBC's "Closing Bell" asked, "Who should pay more and who should pay less?" Predictably, the politician chose to talk about who would benefit from his higher tax plan, not who would get socked the hardest. But from his answers it sounds like the "wealthy" in his mind are those making more than $75,000. " I would not increase taxes for middle class Americans and in fact I want to.... provide a tax cut for people who are making $75,000 a year or less,'' he said. "For those folks, I want an offset on the payroll tax that would be worth as much as $1,000 for a family . . . [Read More]

He is also proposing to raise the capital gains tax, but refuses to say by how much.

---

Tags: Barack Obama, Democrat, Election 2008, increased taxes To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!