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Originally Posted by Danzig
very true. capital gains taxes, which obama wants to raise ( the EVIL rich are such easy targets) and any other tax that impedes investment here, and business growth here, is not good in the long run for anyone here. but at least obama and his ilk would feel better about how they robbed from the rich to give to the poor.
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The notion that a five percent hike is going to impede investment is beyond laughable. For the record, Obama's plan on long term capital gains is for between 20-28%. The 20% is exactly where Reagan had them.