Capital Gains Tax Cut Is DEAD
Pete Domenici, on TV last night, came out against it. He is the ranking
republican of the committee who would decide (banking, ways and means,
budget & finance, can't remember which).
He strongly believes any fiscal stimulus should be targeted toward
consumer spending.
He especially likes reducing the corporate tax rate from 35% to 30%. How
that stimulates consumer spending, I don't know.
-I'm not sure either. They ought to just reduce the overall indivdual
income tax rate. As far as some suggestions that the tax cut also go
to people that don't pay any taxes, they ought to call that what it
is, a handout.
-He probabl