By slashing the income tax rate, effectively, in half, he makes it that much more worthwhile to get up in the morning, take risks, work hard, take chances, and invest in progress. By eliminating the capital gains tax, he rewards investment and ownership and makes it possible for people to move up the economic ladder, not through phony teaser Fannie Mae mortgages, but by smart purchases and skillful investment. . . . Herman Cain would establish America as a beacon for investors, entrepreneurs, inventors, creative business people, and all manner of upwardly mobile, ambitious men and women. He would give the U.S. the lowest personal and corporate tax rates in the world, and the only place where investment earnings are tax free. In the process, he and his plan would kindle decades of robust economic growth. He would make the next few decades a continuation of the American Century. —… Read more →
EppsNet Archive: Capital Gains
Depression 2.0
Mr. Obama is proposing to raise taxes on capital gains and dividends by a staggering two-thirds, moving the rate up 10 percentage points to 25%, which could curtail investment and business on Wall Street, a backbone of the city’s and state’s economy. — New York Sun OK, let me get this straight . . . the stock market’s dropping, banks are failing from lack of liquidity, no one wants to invest in American companies, and Obama’s solution is to raise the capital gains tax?! In the event of an Obama presidency, I will taking a long position in blankets, canned goods and shotgun shells . . . Read more →