FLASHBACK: Obama Says Raising Taxes Not About Revenue But About Fairness

Katie Pavlich
Posted: Jul 15, 2011 3:53 PM

Remember when President Obama was a U.S. Senator talking about how raising taxes is about "fairness?" We do. In the following clip, Charlie Gibson explains how history shows lowering the capital gains tax actually increases government revenue. Gibson asks Obama, with the facts showing lower tax rates actually increase revenue, why raise the capital gains tax at all? Then Senator Obama responds by saying raising taxes is about fairness.


Paging Karl Marx.