Thursday, 14 February 2008

The Wall Street Journal on Obamanomics



by Stephen Moore of The Wall Street Journal


Moore: "[Obama is] talking about a series of tax rate increases. So he would increase the capital gains and the dividends tax and the income tax. And one thing that is going to be problematic I think for some people is he also wants to get rid of what's called the cap on the payroll tax." (The Wall Street Journal Website, www.wsj.com, Accessed 2/13/08)


Moore: "Whereas the Republicans want to increase private investment, he's talking about increasing government spending and he's calling that investment too, so it would be a multi-billion dollar increase in the size of government." (The Wall Street Journal Website, www.wsj.com, Accessed 2/13/08)


Moore: "[Obama] doesn't believe that raising tax rates is going to hurt the economy and if he becomes President ... tax rates will go up almost across the board." (The Wall Street Journal Website, www.wsj.com, Accessed 2/13/08)

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