finally right on taxes

sillysam

5-6-2008 12:47 PM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/81db2e7f-4a33-4858-8280-26963bfac4e6/11E60A6B-2945-4F6A-A071-263973C497D4/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://townhall.com/columnists/JackKemp/2008/05/06/mccains_tax_policies_best_for_nations_future" href="http://townhall.com/columnists/JackKemp/2008/05/06/mccains_tax_policies_best_for_nations_future" style="font-size: 11px;">townhall.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://townhall.com/columnists/JackKemp/2008/05/06/mccains_tax_policies_best_for_nations_future"><P>McCain understands intuitively, as well as intellectually, that capital gains taxes are voluntary taxes, i.e., they are never paid unless and until someone sells an asset. Further, taxing them as ordinary income, or close to it, as most in the Democratic Party plan to do, would distort decision-making, increase the use of tax shelters and demonstrably lower the amount of tax revenues coming into government at every level.
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://townhall.com/columnists/JackKemp/2008/05/06/mccains_tax_policies_best_for_nations_future"><P>It is an absolute, empirically proven fact of tax policy that nearly one-half of all capital gains redound to the benefit of folks earning less than $50,000 a year. 
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://townhall.com/columnists/JackKemp/2008/05/06/mccains_tax_policies_best_for_nations_future"><P>The "soak the rich" rhetoric of the left finds both editorial pages and most op-ed columns, e.g. Paul Krugman of The New York Times, literally in denial of empirical evidence over the last half century, from Kennedy to Reagan and from Clinton to Bush 43, that every time tax rates on capital gains were reduced, the economy, tax receipts and the supply of labor have been strengthened.
<B><A href="http://townhall.com/columnists/JackKemp/2008/05/06/mccains_tax_policies_best_for_nations_future?page=2"> continued...</A></B></P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/11E60A6B-2945-4F6A-A071-263973C497D4/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

sillysam says:

Better late than never.