Sunday, August 7, 2011

Clinton lowered the capital gains tax and reduced the deficit, does this mean Obama could get the deficit und?

The ONLY accurate information in your details is that when President Clinton signed the tax cut passed by the REPUBLICAN Congress, tax REVENUES increased. 2009 was the FIRST year the deficit ever reached $1 trillion. If President Obama WANTED to repeat the success of reducing ALL tax rates, as was done under President Clinton, all he needs to do is SAY so and the bill will be on his desk in less than a week. In the infamous 'Joe the Plumber' question while he was running for office, then Senator Obama stated he would INCREASE capital gains taxes, even though he KNEW it would reduce tax revenue. This HAS been pointed out CONSTANTLY since President REAGAN cut tax rates to start the longest continuous period of economic expansion in the history of the US. It has just not been covered by the LIBERAL media.

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