Another Taxing Argument Against Obama

Tom DeLay

Jun 13, 2008 6:26 AM June 13, 2008 6:26 AM

As the New York Post and the Politico reported “WE'RE in for taxing times if Barack Obama wins the White House, says CNBC's Maria Bartiromo. ‘He's going to take the capital gains tax at 15 percent right now all the way up to 25 to 28 percent,’ the ‘Money Honey’ tells Avenue. ‘Sell anything, like a home or stocks, and make a profit . . . [almost] 30 percent of the profit will go to the government instead of 15.’ The income tax is also in for a bump. Bartiromo says, ‘Right now [it] is 35 percent, Obama wants to take that to 39 percent . . . We're talking about people who make over $200,000. That's not rich. So it's actually going to impact more people than you may think.’

And check out the stunning response from Media Matters...they can't even defend Obama's tax policy.