[NormsRevenge]

Why the hell a Capital Gains cut was never proposed to begin with irks me. What can I say?

[Behind Liberal Lines]

A careful reading of the article shows that Greenspand didn't oppose the tax cuts. He said they should be offset, by CUTTING SPENDING. Damn reporters.

[Moonman62]

Why the hell a Capital Gains cut was never proposed to begin with irks me. What can I say?

That's because the president isn't a supply sider, and he has a consistent record for ineffective tax cuts as a chief executive. We're lucky to even see any tax cut related to investment, and we can thank Glenn Hubbard for that, who got fed up and left the administration a couple of months ago.

[Cicero]

On the other hand, Alan Greenspan knows exactly how he will be misinterpreted. If he didn't want to be misinterpreted, he wouldn't have said what he did.

I must say I'm not fond of the dividend tax cut either. It will be very, very complicated.

Why not eliminate the AMT? That would be fairer than anything else they could do, especially for middle class families with children.

[ItisaReligionofPeace]

Because taxing dividends means double taxation, that's why getting rid of it is the right thing to do.

[Magnum44]

Meanwhile, a key House Republican proposed lowering capital gains tax rates as an alternative to the top Bush priority — eliminating taxes on stock dividends.

Someone can tell me if I am wrong, but it was my understanding that the idea behind eliminating taxes on dividends was to encourage companies to pay out dividends to investors rather than encourage holding. I thought it was related to reducing some of the bad practices that led to cooking the books, Enron's, etc, where the small investor (stock holder) is the biggest loser. It made a lot of sense to me when it was explained.

[Friend of thunder]

Some history on Greenspan’s views on taxing, deficit spending and, inflation.