Don't choose the President based on economic policies

[ChinoCoug]

Originally Posted by YOhio

Your appeal to Reagan is unpersuasive. From the initial US News article:



Obama's "Tax Fairness for the Middle Class" makes the vague proposal of eliminating capital gains taxes on 'startup businesses.' I have no idea how and to whom this will be applied. Is it a one-time exemption? Is there a threshold? How does he define 'startup businesses?' Does the exemption apply to VC's or other investors funding the enterprise? If you have further info on this proposal, please educate me. Outside of this one exemption, I see no other capital gains tax cuts, only an increase to 28%.

28% is only for the richest 1.5%. Middle class will keep 15%, poor 5%. I'm not a tax accountant, so I don't know the details of the definition of a startup. Again, predictions that this rate hike will hamper growth are grossly exaggerated.

Furthermore, his plan is loaded with middle-class tax relief. Americans work harder than anyone else, yet median wages have been stagnant the past 30 years.

[Venkman]

Originally Posted by ChinoCoug

Obama's plan is very socialist:

Lip service.

"We're all in this together". There's your wink, wink, nod, nod to collectivism.