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The Obama Files: Spreading the Wealth Through Taxes

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Uploaded on Oct 21, 2008

As a skilled rhetorical magician, Obama presents himself as a tax-cutter. Even though hes voted dozens of times to raise taxes, he assures Americans that 95% of us will have our taxes slashed under his plan. The Wall Street Journal isnt buying it (http://online.wsj.com/article/SB12238...). Once again, though, the best way to assess someones positions is to listen to his own language. Note the two telling exchanges that follow:

First, Obama tells newly-minted national celebrity Joe the Plumber that his tax hikes on the so-called rich are designed to spread the wealth around, which Obama explains is good for everybody. Does that sound like a genuine tax-cutter to you?

Second, Obama is challenged by ABC News anchor Charlie Gibson at a primary debate in Pennsylvania. Gibson asks Obama why he insists on raising capital gains taxes (which affect millions of American investors) even after history has proven that raising said taxes actually decreases government revenues from the taxes, and cutting capital gains taxes actually brings more revenue into federal coffers. Obama has no answer, other than to blow off all the evidence, and say that raising taxes is the fair thing to do—practical consequences be damned.

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