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Politics : THE WHITE HOUSE -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (21202)	8/16/2008 9:50:00 AM
From: DuckTapeSunroof	Respond to of 25737

... Mr. Obama has also lowered the ceiling of his proposed increase in the capital gains tax, which is currently at 15 percent. In an interview in March with CNBC, for example, he said he “certainly would not go above what existed under Bill Clinton, which was 28 percent” and that “my guess would be it would be significantly lower than that.” A month later, in a debate with Senator Hillary Rodham Clinton, when the 28 percent figure was read back to him, he did not shy away from it. “I would look at raising the capital gains tax for purposes of fairness,” he said, without specifying a number or endorsing the rate that Mrs. Clinton proposed, 20 percent. Now, however, Mr. Obama’s tax and budget projections seem to commit him to a lower, 20 percent rate. [For the MAXIMUM RATE... and which only would be applied on individual's income above a federal AGI of $200,000, or on joint returns above $250,000. All other filers under those limits would see Bush's temporary 15% capital gains tax rate made permanent for them....] Obama Camp Puts Forward More Modest Tax Changes By LARRY ROHTER Published: August 15, 2008 nytimes.com