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Obama's tax plan is pathetic as well.He will raise capital gains taxes. That will effect millions of middle class Americans as their pensions are tied up in the stock market. Further, historically speaking, the higher the Capital Gains rate, the lower the revenue that comes in from it.Further, Obama's plan to tax windfall profits on oil companies is a disaster as well. It is the same as saying "Yes Exxon, you take all of the risk by drilling, and should you hit and make a good profit, we will take it."And this idea that our world image and influence will improve by leaving Iraq is a joke. We will never maintain a good image with extremists in the Middle East, but there are many moderate Arab nations who would view a pull out of Iraq as the United States abandoning them and our promises. This would lead to a lack of influence in the most important part of the world when we need it most.
Obama's tax plan is pathetic as well.
He will raise capital gains taxes. That will effect millions of middle class Americans as their pensions are tied up in the stock market. Further, historically speaking, the higher the Capital Gains rate, the lower the revenue that comes in from it.
Further, Obama's plan to tax windfall profits on oil companies is a disaster as well. It is the same as saying "Yes Exxon, you take all of the risk by drilling, and should you hit and make a good profit, we will take it."
And this idea that our world image and influence will improve by leaving Iraq is a joke. We will never maintain a good image with extremists in the Middle East, but there are many moderate Arab nations who would view a pull out of Iraq as the United States abandoning them and our promises. This would lead to a lack of influence in the most important part of the world when we need it most.
