{"id":141,"date":"2009-09-24T18:09:28","date_gmt":"2009-09-24T23:09:28","guid":{"rendered":"http:\/\/jparnell.com\/blog\/?p=141"},"modified":"2009-09-24T18:09:28","modified_gmt":"2009-09-24T23:09:28","slug":"obama-cutting-the-capital-gains-tax","status":"publish","type":"post","link":"https:\/\/battle4liberty.com\/?p=141","title":{"rendered":"Obama cutting the capital gains tax?"},"content":{"rendered":"<p>I&#8217;m not exactly sure what to make of this, but it certainly caught my attention. In a speech at Hudson Valley Community College earlier this week, President Obama actually proposed eliminating the capital gains tax for startup businesses. The <em>Washington Post<\/em> published the complete text of the speech at:<\/p>\n<p><a href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2009\/09\/21\/AR2009092101617.html\">http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2009\/09\/21\/AR2009092101617.html<\/a><\/p>\n<p>Before you get too excited, there were\u00a0some Big Brother solutions\u00a0mixed in\u00a0as well, and a silent assumption that private firms need government assistance to grow the economy. Nonetheless, I am fascinated with Obama&#8217;s recognition of the obvious&#8211;that capital flows where potential returns are greater. In other words, wealthy Americans are more likely to help grow the economy and create jobs when Washington CUTS the tax burden. If this is true, then why did Obama campaign on an INCREASE in the capital gains tax and an INCREASE in the income tax on wealthier Americans&#8211;those most likely to invest in startup businesses?<\/p>\n<p>Maybe Obama just got a new speechwriter. Or PERHAPS this signals a slight shift away from the class warfare theme of\u00a0his incessant\u00a0campaign and toward economic reality. Demonizing the rich is good left wing fodder, but it doesn&#8217;t grow the economy. One speech doesn&#8217;t count for much, so we&#8217;ll see if this\u00a0proposal goes anywhere.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I&#8217;m not exactly sure what to make of this, but it certainly caught my attention. In a speech at Hudson Valley Community College earlier this week, President Obama actually proposed eliminating the capital gains tax for startup businesses. The Washington Post published the complete text of the speech at: http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2009\/09\/21\/AR2009092101617.html Before you get too excited, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/battle4liberty.com\/index.php?rest_route=\/wp\/v2\/posts\/141"}],"collection":[{"href":"https:\/\/battle4liberty.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/battle4liberty.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/battle4liberty.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/battle4liberty.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=141"}],"version-history":[{"count":0,"href":"https:\/\/battle4liberty.com\/index.php?rest_route=\/wp\/v2\/posts\/141\/revisions"}],"wp:attachment":[{"href":"https:\/\/battle4liberty.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/battle4liberty.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/battle4liberty.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}