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Wed Apr 26, 2017, 06:21 PM


Tax expenditures are another name for tax breaks like for capital gains... it's potential revenue the government decided not to collect. The most egregious example are those in the top bracket who get close to a 50% lower tax rate for capital gains than if the same money were "earned" income. If the GOP is going to push for laws allowing states to drug test for unemployment benefits... perhaps there should be a drug testing for those who get capital gains tax breaks. After all, both affect government's bottom line. Of course this would never happen... especially when according to the CBO the top 1% gets 70% of these tax cuts. But just the argument highlights the absurdity if not cruelty of the far Right's war on labor.


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