Sep 12, 2011

Dems help keep low tax rates on wealthy.

We expected it of the Republicans, but this Washington Post Article reviews the voting patterns of many Democratic legislators (and President!) who created and protect the very very low (now 15%) capital gains tax.  Only the wealthy have substantial capital gains that are not sequestered in tax-deferred or tax-free IRAs or 401-Ks.  It takes a wealthy person to benefit from the low capital gains tax.  If we need to raise revenue, we should start there.

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