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Politics : Formerly About Advanced Micro Devices
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To: TigerPaw who wrote (288086)5/15/2006 10:50:19 AM
From: longnshort  Read Replies (1) of 1572758
 
Over the past 40 years, the U.S. has had three great experiments in tax-cutting, and each one has worked even better than advertised: The Kennedy tax cuts of the 1960s, the Reagan cuts of 1981, and now the Bush tax cuts of 2003. The political tragedy is that the first of those two were bipartisan, while the Bush tax cuts have had little Democratic support. Only 15 House Democrats supported their extension this week; there were only three in the Senate.

Perhaps they should recall the words of a famous Democrat from another era: "The tax on capital gains directly affects investment decisions, the mobility and flow of risk capital . . . the ease or difficulty experienced by new ventures in obtaining capital, and thereby the strength and potential for growth in the economy." That was John F. Kennedy, and he's still right today.
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