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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (108208)	1/26/2012 11:02:37 AM
From: brushwud	Respond to of 149317

* He's proposed a minimum 30% tax for people who make more than $1 million (Go Obama!) Somewhere there's an investor making $1 million/year on tax-free municipal bonds. Now no one will want to buy them and municipalities will have to pay higher interest rates. * He's trying to lift demand for natural gas to replace other energy uses by proposing a tax break for natural gas vehicles Great, one more schedule to attach to a tax return. Why not simply cut taxes on natural gas at the pump? Probably because those taxpayers are mostly large corporations (even though the tax is passed through to consumers) and it's sexier to give a special tax break to millions of soccer moms with SUVs and cowboys with trucks and gun racks.