Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Kenneth E. Phillipps who wrote (84490)	5/24/2010 3:47:00 PM
From: JakeStraw	2 Recommendations Read Replies (1) of 224704

Congress's Carried Interest Tax Folly online.wsj.com The latest soak-the-rich scheme will mean less capital investment and fewer new jobs. Nero fiddled while Rome burned, but at least he didn't strike the match. Members of Congress are doing Nero one better. In the middle of the second global financial crisis in two years, Congress is preparing to dramatically raise a key tax rate on long-term investment. This is sure to discourage capital investment, increase the cost of money to start and grow businesses, and depress real-estate and stock prices, all at the worst possible time.

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