Search for
Login | Username Password Forgot? | Email: | Create Account
Personal / Other | Popularity: 0 | Entries: 8597 | Updated: 1212d 15h ago | | Add to My Feeds
Capital Gains Tax Cut
October 13th, 2008
McCain is contemplating one, apparently. Now, I'm not one to oppose any tax cut, but have to admit I've been a bit confused by Republicans who have been talking about cutting capital gains taxes as a response to the current problems in the financial markets. Not to state the obvious, who has capital gains in this market? Who has gained money on real eastate? Their stock portfolio? As far as I can tell, the problems people are dealining with stem from excessive capital losses. I suppose the theory is that by lowering taxes on capital gains and dividends, it would motivate more people to invest in the market and thus get capital flowing, but in an environment in which the market still tanks after a 50 basis point cut that brings the fed funds rate down to 1.5 percent, it's hard to imagine lower capital gains taxes would...


More from AmSpec Blog

Fourth and Long 08 Oct 13
Obama Thugocracy 08 Oct 13
Palins are Creepy 08 Oct 12
Just a Thought 08 Oct 11
My Apologies 08 Oct 11
Erratic 08 Oct 10

^ Back To Top