Posted on 07/18/2002 1:35:12 PM PDT by churchillbuff
Edited on 09/03/2002 4:50:45 AM PDT by Jim Robinson. [history]
What's the benefit of capital gains tax cut when there are probably so many losses already on the books that it may be years before many investors have any gains that they owe tax on? I mean capital losses offset captital gains dollar for dollar.
Go back and read what I wrote -- Clinton may have publicly opposed capital gains tax cuts, but he had an odd habit of signing them into law when Congress passed them.
Heck, it sounds like even Monica Lewinsky is brighter than Jack Kemp. She was so convinced that Clinton was full of sh!t that she kept the blue dress.
That's the moral and logical argument against capital gains taxes. Too bad Bush and his advisors don't buy it. Clinton didn't either, of course. The difference is, Freepers criticized Clinton on the issue - but they DEFEND Bush for taking the same position that Clinton did.
Oppose lower taxes - - and have an R after his last name.
They barely allowed the one year, one time roll back of the Death Tax. There isn't a chance in hell that any Dem in the upper crust of the party supports any of the so-called suggestions of the article.
It's a hit piece.
Capital gains are income. In an fair income tax system, capital gains should be fully indexed and taxed when realized. That said, I would prefer a consumption tax instead.
I agree with you 100%. In fact, I agree with you even more than 100%, since you really don't go far enough. Why should I have to pay a tax tariff just to dump Acme Widget and buy U.S. Treasury bills or commercial real estate?
Don't you see the point here? Kudlow, Moore, et. al. are not trying to strengthen the U.S. economy -- they're only trying to strengthen the stock market!
Take a look at the cable news networks ratings and at the max they have an average of 2 million homes combined during a 24 hour period.(with Fox holding a commanding lead).
That means that they garner 2% of all the homes in the US.
The traditional networks(ABC, NBC, and CBS) garner about 25% of the audience for their nightly news casts and you can bet half of that 25% are people who are ready to throw bricks at the images of Tom, Peter, and Dan.
The hearts and souls of people is not being fought on the TV stage anymore it is on other outlets such as cable news, talk radio, and the internet.
If Reagan were president, he'd push tax cuts in their faces and when they refused to vote, he'd take it to the people, and say "Look who's keeping the market and the economy down". Bush didn't learn from Reagan.
Anybody who thinks there's no link between how the stock market does and how the economy does, hasn't read American history, particularly the 10 year period beginning in 1929.
Yep you are confused, without a Pubbie Senate, Bush is not going to get a capital gains tax cut.
A strong Pubbie Senate would make the reality of a capital gains tax cut much easier, but for some reason you seem not to want a Pubbie Senate, a passion you seem to share with Tom Dashcle.
I don't think we should hold our breath. It seems the President believes if he ignores problems, they will go away.
He slept through the Near East problems and America woke up in war. He slept through the economy problems and America woke up to a melt-down. The GOP should insist that Bush do some serious cabinet re-tooling if they expect re-election. As the man who beat his father said, 'it's the economy, stupid'.
Character is destiny.
Uh when Reagan was president he raised gas taxes and the social security tax.
I really get tired of you malcontent know nothings who shove Reagan in the face of Bush.
IMHO, Reagan if he could would be saying to W., good job in directing yourself within the storm called the beltway.
I don't think it matters where the attacks are staged...cable, network, talk radio, the internet, newspapers...et al.
What is important, IMO, is that the message is consistent through each medium and well on its way to becoming a drumbeat specifically against the president and vice president, and by association, the Republican party.
I'd like to see the president jump over all "news" outlets and talk directly to the American people during prime time from his oval office.
The American people need to understand what's really going on and how the dimms are contributing to their problems. As good as the president may be, he can no longer rely on a new tone in Washington and periodic sound bites.
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