During the Democratic Primary in 2008, Charles Gibson asked Barack Obama the only difficult question I think he was asked that whole year. The Democratic presidential hopeful did not have an answer then, he did not have an answer for it during the subsequent presidential debate with John McCain and he still does not have an answer. The question dealt with capitol gains taxes and how he could justify raising them. Not only did Charles Gibson point out that, historically, every time capital gains taxes have been raised, tax revenues to the federal government have decreased and that, conversely, every time they have been lowered, government tax revenues have increased, Mr. Gibson also pointed out that raising capital gains taxes would severely harm 100 million people in this country who own stocks or who have 401K’s that they depend on for their retirement income. Obama hemmed and hawed, stuttered...




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