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Obama tax plan is socialism

Barack Obama has pledged to raise taxes across the board on higher-income Americans. When interviewed on CNBC by Maria Bartiromo, he said that he would raise taxes on capital gains, dividends, and income over $250,000. Then Bartiromo pointed out that lower tax rates had resulted in higher tax revenue being collected. Obama responded that it was an issue of “fairness.” He went on to say that a secretary should not pay higher tax rates than her boss.

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