"We", Either you have multiple personalities, or someone else agree's with you, that someone isn't me.
treeHamster said:Incy, we've already established that LTCG doesn't actually create that many jobs. You are beating a dead horse we have all agreed is true. At this point we are speculating on alternative ways to eliminate tax code preference (since we already know pushing taxes on one group or another won't fix the system).
P.S. While I didn't like the entire proposal of the Simpson-Bowles committee, I would have taken it as it was a start to fixing the problems.
Bush's tax cuts account for over $300 billion in lost revenues per year.
That's an awful lot of lost revenues for tax cuts that "We've established doesn't create that many jobs".
Reagan did not condone taxing cap gains as anything but income, so no one can cite the Reagan name here either.
Again, "job creating" tax cuts should be in DIRECT reciprocation to jobs created, period, without question, this means tax cuts would, for the first time in decades, benefit SMALL businesses instead of high paying corporate political bribers...many whom pay no taxes while shipping jobs to China & India.