Posted on 09/05/2001 9:14:39 PM PDT by JohnHuang2
Edited on 04/23/2004 12:03:29 AM PDT by Jim Robinson. [history]
Republicans have long favored the move as a form of economic stimulus because they believe it increases investment. Democrats traditionally have resisted such proposals on the grounds that most people who would benefit are those wealthy enough to invest in stocks, real estate and other assets. That argument has been blunted somewhat as more and more middle-class people have acquired a stake in the stock market.
(Excerpt) Read more at opinionjournal.com ...
Indeed. Any cap gains cut needs to be permanent, though.
This malarkey about a temporary cut is nonsense.
If you buy a can of soda for 60 cents, a small sign near the coin drop should spell it out what your paying for. 5-cents local/state sales tax/ 20 cents (whatever) business income tax and so on etc et al...
The capital gains tax should be zero, like all business taxes. (IMO)
BTW- I am a POOR FReeper. So don't accuse me of being selfish and greedy... I keep as MUCH as I can to spend on me.. not the government.
I've always wondered why the Republicans don't argue this point more forcefully. Everyone understands it. Even my liberal grandmother understands it. You should hear her complain about how wrong it is for her to have to pay taxes on the interest she earns on her money market funds. Please President Bush unite the liberal grandmothers of the world in favor of eliminating the capital gains tax.
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