Quote:
Originally Posted by PBzeer
Hawg - lower capital gains tax rates, results in more economic activity, thereby, increasing tax revenues. Tax rates are not the problem with the debt. SPENDING is the problem.
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John,
I agree with you to a point. However, as you lower capital gains tax rates, you get diminishing returns on that theory. For instance, if you lowered capital gains to, say, 5%, then I seriously doubt that you would increase tax revenues. On a related point, why not lower the tax rate of earned income? That too would spur economic activity. It's all money, and it's all green.
As far as spending goes... I couldn't agree more.
Respectfully,
Sailhog