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

Townhall ^ | Jul 15, 2011 | Katie Pavlich

[cruise_missile]

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.

http://townhall.com/tipsheet/katiepavlich/2011/07/15/flashback_obama_says_raising_taxes_not_about_revenue_but_about_fairness

[Paleo Conservative]

The honorable Gentleman is saying that he would rather that the poor were poorer, provided that the rich were less rich. That way one will never create the wealth for better social services, as we have. What a policy. Yes, he would rather have the poor poorer, provided that the rich were less rich. That is the Liberal policy.

Margaret Thatcher

[Graewoulf]

“By then he will be retired in Hawaii.”

Thanks for the town correction. I was not aware that there was a Hawaii, Kenya.

[cruise_missile]

The female Ronald Reagan.

[mtrott]

Fairness—Hey Obama, I don’t think that means what you think it means.

Fair would be the flat tax. All citizens treated equally under the law.

[SunkenCiv]

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.

Thanks cruise_missile.

Thanks Vintage Freeper for posting this: