In addition to several other tax increases, Senator Barack Obama wants to increase the Social Security payroll tax burden by imposing the tax on income above $250,000. This would be a sharp departure from current law, which only requires that the tax be imposed on the amount of income needed to "pay for" promised benefits. But more important, at least from an economic perspective, the Senator's initiative would increase the top tax rate on productive behavior by as much as 12 percentage points - and this would be in addition to his proposal to kill the 2003 tax rate reductions and further boost the top rate by 4.6 percentage points. This mini-documentary explains why a big tax rate increase on highly productive people would be very damaging to America's prosperity, especially in a competitive global economy. Simply stated, pushing top tax rates in the United States to French and German levels means at least some degree of French-style and German-style economic stagnation.
How was Des Moines? Child, Oprah was there. Senator Barack Obama was there. And WSJ's Chris Cooper, too, on the campaign trail with the Illinois senator.
6-26 (CNN) A new war of words between Senator Barack Obama and his presidential opponent. It's not Senator John McCain this time. It's Ralph Nader. The Independent candidate is making some...
Economic Adviser Gene Sperling goes over Senator Barack Obama’s policies on the nation's financial markets, and the federal government's intervention in the credit, banking and home mortgage...
(Alison King, NECN: Dover, NH) - The Road to the White House is moving through New Hampshire Friday for Senator Barack Obama. During his first stop in Dover, Obama focused on tax relief for the...
(NECN: Lafayette Hill, Penn.) - Senator Barack Obama's energy plan, as framed by the McCain campaign, can be summed up with one small giveaway to the press: a tire pressure gauge. The gauges...
Senator Barack Obama told supporters that his rival served American with bravery but said Senator John McCain's policies and ideas don't deserve respect.
7-31 (CNN) Senator Barack Obama's campaign has launched a new TV ad responding to Senator John McCain's spot released earlier, which likened Obama to celebrities like Paris Hilton and...
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