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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: SeachRE who wrote (143713)	10/28/2008 2:36:21 PM
From: geode00	Read Replies (2) \| Respond to of 173976

If you are a small business. The capital gains rate is already at 15%. If you make it 0% how does it benefit the country? There is already a loophole for hedge fund income yet some 50% of hedge funds may be going under....that 15% doesn't help if you are losing your shirt. Excessively skewing rates, penalizing labor to benefit 'capital' can lead to all kinds of distortions in the financial markets. I don't see how a 0% rate on capital gains helps anyone. A buy and holder of the market is down about 40% (depends on the day's gyrations) over a decade. The buy and hold mantra sucks in a bear market.