The Repubies involved with this piece of crap should be primaried with extreme prejudice the next time around.
This is bullsh1t!!
Now a Business or Stocks will become stagnant because of high capital gains rates as people will never sell and pay the high tax.
Any wonder why the stock market was below 1,000 on the Dow before Reagan.
Since this article is about percentages. Lets play.. : )
Capital gains has been lowered to a point where those who sit in front of a keyboard, on Etrade pay less of a percentage in tax then a full time (would you like fries with that) McDonald’s employee.
So either have the investor class pay as much of a percentage of their income as that Mcdonald’s employee or lower the taxes of the McDonald’s employee to be the current tax rate of capital gains.