Tuesday, April 10, 2012

Obama now wants to impose higher taxes on investment income. The problem is that this has historically damaged the economy. I don't know if anyone else remembers, but when the capital gains and dividend tax rates were reduced to the present levels it spurred a large amount of economic growth and caused the creation of a lot of jobs. Obama's cure for the current lack of jobs is to increase those taxes. This will have the opposite effect. It will kill jobs.

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