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Obama’s changes

September 13th, 2008 · No Comments · My Opinion

If Obama is elected President I am afraid we will be in a lot of trouble. From what I have read lately the tax reform he has proposed would not help the U.S. but would make the financial deficit worse. Our government spends and spends like there is no tomorrow. What does this mean for the future generations? They will end up paying for what we are getting now. This means our great grandchildren and great great grandchildren will be paying for the money the U.S. is spending now. Do we really need such a “change” now so our future generations will look back and question why we voted for a man who openly stated he would increase spending?

Obama plans to at least double the top dividends and capital-gains rate from the current 15% to as high as 28%. What Bush did with dividend and capital-gains tax cuts has helped increase federal revenue. Obama will make the U.S. take a giant step backwards. Is this what we really want for the country? Don’t we have enough economic problems right now? Social Security would also suffer under Obama’s plan. Do we want that to happen? I am seriously wondering what the U.S. would be getting into if Obama wins in November.

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