[justiceseeker93]

Well, Kudlow is saying that we shouldn't be bashing the Gang of Six plan because it contains a couple of important changes in the tax code that should encourage growth. But he admits that there are some anti-growth provisions in the plan as well.Notice that he didn't mention the lack of a Balanced Budget Amendment in the Gang of Six Plan, nor did he do any comparison between the Gang of Six Plan and the House GOP bill passed yesterday. So is Kudlow telling us that the Gang of Six Plan is worthy of enactment into law, because conservatives can't do any better in the current political climate? If so, what does he think last year's elections meant?

Why the heck do we need any increase in the capital gains tax? That would surely hurt the securities and real estate markets, for starters.

[PGalt]

Thanks for the ping, justiceseeker93. FULK

Who made up this “Gang of six” name?

Gang/Collective...no difference. POS collectivist politicians.

ANOTHER classic example of why...

...Legislatures (state and federal) can be part-time jobs with 1/10th pay, NO retirement, NO perks, NO insurance. Get a job. Pay for your own crap, you POS politicians.

...That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness...

ALTER it.

It’s the socialism, stupid. DEFUND socialist collectives (GANGS), foreign and domestic.

[DManA]

$1 to $3 trillion (but who really knows) in new taxes is NOT pro growth.

[Ohioan]

The idea of increasing the Capital Gains tax at a time when the Dollar has been in a steep & perhaps accelerating decline is particularly ill conceived--unless the purpose is to confiscate the people's resources. Many "capital gains," are really only the inverse of a depreciating dollar--a tax on one's original investment, not a profit.

For the whole question of this type of taxation, see Capital "Gains". The Government only gets away with this because much of the public simply does not understand the function of money, as a Medium Of Exchange.

William Flax