Wednesday, April 16, 2008

Capital gains

An increase in capital gains taxes? Blech; goodbye, crossover votes!

Why raise it when the government brings in more when it's lower?

Obama says he would look at raising it for purposes of fairness. Now he's talking about hedge fund managers and what they make. Good sound bite about them paying from a lower tax bracket than their secretaries. Is that true? If so, it's a great argument. I like that line, too, about "taking out a credit card from the Bank of China in the name of our children and grandchildren."

Obama says collections may go up or may note, depending on what happens on Wall Street. "Pay as you go?" That's downright conservative -- or, at least, it used to be.

Hillary says we need an economy that "works for everyone." She's casting tax increases in terms of "smart investments," including green energy jobs and -- of course -- "good union jobs." (We are in Pennsylvania, after all!) A chicken in every pot! By jove, it's a New DEAL!