Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Did Obama state that he planned on raising capital gains tax before the election?

Through out the whole entire campaign he stated that he will only raise taxes on the rich. Shortly after the elections he released his tax plan stating he wants to raise capital gains tax to 30%(Even tho it looks like its only going to go up to %20)

Well I would say most middle class families have some small investments that they will be paying capital gains tax on.

So did Obama pull a typical politician move, and purposely reveal this plan after the election? Or did he mention it before the election?

And if he did mention it before the election how come Romney didnt bring this up at more debates, and use that to his advantage?

4 Answers

Relevance
  • Anonymous
    8 years ago
    Favorite Answer

    No.

  • ?
    Lv 6
    8 years ago

    Anyone with intelligence knew that capital gains taxes were scheduled to rise--it isn't something that has come up since the election. Here's a link that details the scheduled rise, published by Forbes magazine back in January, 2012.

    "Put it all together, and the top tax rate on capital gains is scheduled to increase from 15% today to 25% on January 1"

    http://www.forbes.com/sites/beltway/2012/01/24/cap...

    Many middle class families have individual retirement accounts, but few have substantial income from investments. If Romney had cried about this tax rate going up, he would have been seen as extremely selfish. Everyone knows he pays only about 13% of his income in taxes, and he is one of the rich who will be asked to pay a fair share when capital gains taxed the same as income earned through honest work.

  • ?
    Lv 4
    4 years ago

    The previous 8 years have been the costliest interior the historic previous of america. If Obama stops the conflict and takes back the tax breaks given to wealthy human beings and firms, issues may even out like interior the ninety's. Your retirement mark downs and earnings are worth much less now than ever. The financial equipment is in a shambles and you attempt to scare human beings into believing that the subsequent President is in charge? Why do no longer you in basic terms admit what your genuine concern is.......you racist. The Democrats have an undemanding majority. they can't result something without information from the Republicans. you're exhibiting your lack of understanding approximately government civics with the above rant.

  • 8 years ago

    "Well I would say most middle class families have some small investments that they will be paying capital gains tax on."

    Well then, you are severely out of touch with reality.

Still have questions? Get your answers by asking now.