greg (grysar) wrote,

Quickie politics

All right, so the dividend double tax thing. I buy the argument for dropping the double taxing on dividend payments. But it costs a good deal, and the U.S. Government has been running a deficit since Bush came to office. The simple way to make up that income would be to raise over all capital gains tax to make up for the lost income.

Now if President Bush wants to argue that the overall capital gains tax rate should be lower, fair enough, but that isn't really a fairness issue, just one about what best benefits the economy. But I don't think the case is there, I rather doubt at this point that people aren't investing because of capital gains tax, instead they aren't sure that the economy is on sure footing yet.
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