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They are going to holdup the so-called bail-out for, get this... [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
WCGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-25-08 07:16 PM
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They are going to holdup the so-called bail-out for, get this...
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A suspension of the capital gains tax for two years...

Not any real fiscal stimulus, but a complete removal of the Capital Gains tax for two years.

Now that is just a hand out to the wealthy. A little goes to the middle class and poor folks, well, you should have invested.

But here comes the rub; property values have crashed, stocks have lost about 25% and high priced equipment is already being depreciated. There would be little to no stimulus from eliminating the capital gains tax for two years.

So, the so-called populists of the republican party are holding up the bail-out that is, with out a doubt, going to save a lot of financial headaches for those who summer out on the Hampton's, t give those very same people a potential huge tax cut.

And they were afraid the Dem's would clutter the bill with give aways to the poor...

Bizarro world...
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