BREAKING UPDATE: Obama Budget: Capital Gains and Dividend Tax Increases go into Effect October 1 2009!!!

Kudlow breaking CNBC I have not seen or heard it anywhere else! Rise in capital gains and dividend tax as well as the changes to carried interest income, are going into effect THIS YEAR! WHA????? WTH?!?!?! IN THE MIDST OF THE DECESSION! (depression-recession)!!!! He MUST be trying to kill the market why the hell else would anyone do this? The Hill is a madhouse!!!

Kudlow reports changes go into effect OCTOBER 1, 2009, which is the beginning of our government FY10!!!!!! DAMN THEY ARE SLICK AND OUR SLEEPING MEDIA HANDMAIDENS TO TEH ONE SAY NARY A WORD!!!

This will ALSO hurt small business, since Team Obama generated their estimated ‘savings’ by pushing back the small business waiver of capital gains tax until a phase-in that does not begin until 2014!!!!!!!

WHERE ARE THE JOBS GOING TO COME FROM?!?!? Ask Congress before they pass this like TARP ONE and the Stimulus without reading it!

Spread the word! Call your Critters! This is crazy, this is GUARANTEED to kill any possible recovery in the markets, what the hell is Larry Summers doing???

Is the economic council lobotomized? Suffering from kool-aid poisoning? Cloned?! Are they Kodos and Kang in disguise? Cylons? Pod-people??

I heard SO MANY people during the primaries and later the election claiming Obama was a centrist Democrat like Big Dawg and Obama’s advisers were always touted as the evidence of that, i.e. Why would Volker and Summers and Jamie Dimon endorse him if he weren’t a capitalist?? yada yada yada

Seems the much vaunted Business Council led by Immelt and his innumerable titled economic councils chiefs advisers cooks valets whatever the hell he calls them are useless props.

February 27, 2009. Tags: , , , , , , , , , , , , , , , , , , . Cabinet, Economy, Entertainment, Fantasy, Film, Glam Metal, Hair Bands, Horror, Music, Obama Administration, Politics, Popular Culture, Sci Fi, Uncategorized, Unemployment Statistics, Wall St.

3 Comments

  1. The Intellectual Redneck replied:

    Taxing the rich at 100% won’t pay for Obama’s budget. The Wall Street Journal has reported that taxing the rich at 100% won’t pay for Obama’s budget. Barack Obama promised not to raise taxes on anyone making under $250,000 per year. Where is he going to get the money? The numbers indicate Obama will need to take 100% of the income of everyone making over $75,000.

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  2. Soeren replied:

    Well, all that “stimulus” money gotta come from *somewhere*. One piece of good news, however: According
    to a TurboTax newsletter I got the other day, Obama wants to increase the 1st time homebuyer credit from
    $7500 to $8000 and ELIMINATE THE REQUIREMENT FOR REPAYMENT!:-)) Considering all the REO out there in the $10k – $20k range (and still dropping), it looks like a lot of responsible renters will now have an opportunity to become responsible homeowners – and get
    some of these properties off banks’ balance sheets.

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  3. » BREAKING UPDATE: Obama Budget: Capital Gains and Dividend Tax Increases go into Effect October 1 2009!!! replied:

    […] buckdauterive wrote an interesting post today onHere’s a quick excerptKudlow breaking CNBC I have not seen or heard it anywhere else! Rise in capital gains and dividend t […]

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