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Politics : President Barack Obama
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To: Jim McMannis who wrote (19740)4/30/2008 7:42:15 PM
From: Sr K  Read Replies (1) of 149317
 
Obama backed away from the 28% cap gains talk last weekend.

And he made a point that mindmeld ignores, I think, that people with 401(k) plans take withdrawals subject to ordinary tax rates.

An increase in the capital gains rate past 20% would not pass this Congress (and it would be vetoed) or any conceivable new Congress.
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