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

To: geode00 who wrote (143862)	10/28/2008 5:52:00 PM
From: TimF	Read Replies (2) \| Respond to of 173976

Cutting capital gains rates reduces revenues over the long run. That’s the conclusion of the federal government’s official revenue-estimating agencies, as well as outside experts and the Bush Administration’s own Treasury Department. No it isn't. They didn't examine the long run. The actual data they examined was only over a matter of years. The closet they came to what you say was talking about how in the long run there is uncertainty. Also your mostly making an argument from authority, as in the revenues are reduced because the administration says they are reduced. Would you take the Bush administration as an authority about what we should do and should have done in Iraq? Its one thing to not discount their arguments to zero (And I don't), its another to say "X is true because the Bush administration says its true".

To: geode00 who wrote (143862)	10/28/2008 7:54:09 PM
From: SeachRE	Read Replies (1) \| Respond to of 173976

Possible elimination of longterm capital gains would apply only to those buying now or keeping their holdings for one year beginning now. No grandfathering to be allowed. The potential to get a double or triple on an investment tax-free would be very enticing...