Quote: Originally Posted by Larkinn  Sure they are when they are aimed towards specific industries in specific states. A tax cut means a person/industry/company gets to keep more of its' money. The money is the persons/industries/companies money, not the governments, that is, until the government takes it from the person/industry/company and earmarks it for another person/industry/company.
Earmark is Australian for "buying votes".
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ABC'S CHARLIE GIBSON: In each instance, when the Capital Gains rate was dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down. So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?
OBAMA: Well, Charlie, what I've said is that I would look at raising the capital gains tax for purposes of fairness. |