Obama implodes in PA debate because he finally gets asked some questions with depth, paticularly about his tax plan.

He only wants to raise taxes on the rich which he defines as those making over $200,000 per year. Yet he wants to remove the ceiling on social security effectively adding a 15% marginal tax rate to all of those making over $100,000 per year.

By nearly doubling capital gains taxes he will tax many middle income investors who make less than $200,000. 79% of tax returns showing capital gains were from incomes of less than $100,000 a year. Plus he remains ignorant of the economic certainty that raising capital gains rates so drastically will DECREASE revenues. How will that provide him with the money for health care and education?

Obama’s economic plan is a disaster and it is about time someone uncovered his shallow and ignorant platitudes. When he is exposed he and his sychophants whine and cry unfair. He is an intellectual idiot.

Tips to Douglass Ott for the article from the WSJ.

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