The case for trickle up economics

[SniperFire]

Capital gains should be taxed as income.

Reagan believed that.

You obfuscate. But then again, that is all you do.

'Reagan, who lowered the cap-gains tax from 28 percent to 20 percent in his first term, actually wanted to lower it to 17.5 percent in his second term. The way the story ended, the final tax bill had two brackets of 15 percent and 28 percent, with substantial base-broadening and loophole-closing. Indeed, by slashing the top income-tax rate from 70 percent all the way to 28 percent, Reagan launched a huge prosperity boom that basically spanned three decades.'

Obama's Misleading Reagan Reference - Larry Kudlow - Townhall Finance Conservative Columnists and Financial Commentary - Page 1