Obama Economic Plan
Sen. Obama has introduced his economic plan. It features $80 billion in middle-class tax cuts with increases in corporate taxes, and those on capital gains and dividends. This is a program targeted to appeal to specific groups within the party.
The changes are in addition to his proposal to allow the Bush tax cuts to expire. Sharply redistributive proposals like this generate a lot of heated debate. There will be plenty of commentary from various viewpoints.
Our mission is more analytical and stock-focused. The Obama team is portraying the proposal as pro-growth, but that will be a tough sell, as tonight’s interview on Kudlow and Company showed [link to follow]. The most market-unfriendly aspect is the increase in capital gains tax rates.
Posted: September 19th, 2007 under Obama, Tax Policy, Uncategorized.
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