Obama as Higher Tax Version of Hoover
Obama also stuck by his attack on free trade while trade protectionism under Hoover also contributed to the Depression.
The history of higher taxes and trade restrictions worsening bad economic times doesn’t seem to impress Obama. Then again, neither does the record of lower capital gains taxes yielding more government revenue. He wants to increase those taxes because he says it’s the “fair” thing to do even if it cuts tax collections.
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