Gibson: And in each instance, when the [capital gains tax] rate dropped, revenues from the tax increased; the government took in more money. And in t… - Barack Obama
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Gibson: And in each instance, when the [capital gains tax] rate dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down. So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected? Obama: Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness.
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About
Barack Obama
Barack Hussein Obama II (born August 4, 1961) is an American politician who served as the 44th president of the United States of America from 2009 to 2017. Born in Hawaii, the son of a Kenyan father and a mother from Kansas, he won the 2008 presidential election and was re-elected president in November 2012. A member of the U.S. Democratic Party, he was the first African American president. Before becoming president, he represented the 13th district for three terms in the Illinois Senate from 1997 to 2004 and served as United States senator from Illinois between January 4, 2005 and November 16, 2008. While president, he was the recipient of the 2009 Nobel Peace Prize.
Biography information from
Wikiquote·
Portrait adapted from
Wikimedia Commons, Official White House Photo by Pete Souza (Public domain / CC0)
Also Known As
Birth Name:
Barack Hussein Obama II
Also Known As:Barry
Alternative Names:
POTUS 44
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Barack Hussein Obama
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Barack H. Obama
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Barack Hussein Obama, Jr.
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Barack H Obama
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Barak Obama
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Barry Obama
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Barack Obama II
