Monday, October 27, 2008

'I'd Rather Give It To Charity Than To Him'

Why, such an unpatriotic statement might cause the Obama goon squads to go rifling through your personal files, Mr. Huizenga.

Redistribution of wealth hits the NFL.
Dolphins owner H. Wayne Huizenga said Sunday no date has been set for selling up to 45 percent more of the team to Stephen Ross, but the presidential election is among the issues weighing on his decision.

That's because a Barack Obama administration is expected to mean higher capital-gains taxes.

"He wants to double the capital gains tax, or almost double it," Huizenga said. "I'd rather give it to charity than to him."

Ross purchased 50 percent of the team and Dolphin Stadium for $550 million earlier this year with the intention he would eventually become majority owner. NFL owners approved the eventual transfer this month, meaning it can take place anytime.

"If you do it this year or you do it next year, the difference is humongous because of the taxes," Huizenga said.

But the Obama campaign disputed Huizenga's figures on Monday, saying the candidate's plans are to raise the capital gains tax maximum from 15 percent to 20 percent -- a 33 percent increase, not double. And the top rate would be for families earning more than $250,000 or individuals earning more than $200,000.
An Obama spokesthing said "blah blah blah, 95% of working families, blah blah blah, Ronald Reagan, blah blah blah..."

To save you the time, Huizenga gives 82% of his contributions to the GOP. In other words, guys like him have a giant target on their backs.

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