[trane250]

What the supply siders always fail to note is that the increase in the capital gains tax receipts is always accompanied by a huge increase in the national debt. During the Bush years, the national debt is likely to increase by at least 4.5 trillion dollars. That ain't chump change.

[Myrddin]

The increase in debt is not a consequence of increased tax receipts. It is a consequence of out of control spending. Unlike normal people who have to live within a budget, politicians just spend what ever will make their re-election most certain. They have no concept of fiscal responsibility.

[doug from upland]

So an increase in capital gains receipts because of a lowering of the rate is a bad thing? No, the bad thing is too much spending.