- Oct 13, 2009
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It's being reported that the President is considering bypassing Congress to further cut taxes on the wealthy. I'm ambivalent on this. Tax cuts on the wealthy may be OK if they lead to more consumption, investment, and redirection of capital gains into new or existing businesses. But, I'm not in support of tax cuts for mere wealth creation for a few. I also think that the middle class and corporate class (especially SMEs) need more permanent relief. As an investor, all my capital gains (minus taxes) are ploughed back into the market (people like me would also benefit from lower taxation on stock sale and dividends). I'm not sure if all the Billionaires do that. What do you folks think?
Here's a link:
Trump considers bypassing Congress to cut capital gains tax on wealthy, report says
Here's a link:
Trump considers bypassing Congress to cut capital gains tax on wealthy, report says