Obama Waffling on Capital Gains?

Matt Lewis | April 27, 2008 2:00 PM

Obama appears to be trying to convince us he’s only looking to raise the capital gains tax rate up to 20%, and certainly not more than 28% (which he makes sound like a worst-case scenario only).

But previously, his focus has been simply on not going above the 28% rate.

Regardless, the fact is the capital gains tax should be lowered -- not raised.

Still, this makes me wonder if Obama has finally realized big tax hikes are not a winning proposition for voters?