No Sense

Exactly how much are the Republicans paying Joe Biden?

Link via The Corner.

Comments

[Laura(southernxyl)]

Probably less than they paid Obama for this:

"GIBSON: All right. You have, however, said you would favor an increase in the capital gains tax. As a matter of fact, you said on CNBC, and I quote, "I certainly would not go above what existed under Bill Clinton," which was 28 percent. It's now 15 percent. That's almost a doubling, if you went to 28 percent.

But actually, Bill Clinton, in 1997, signed legislation that dropped the capital gains tax to 20 percent.

OBAMA: Right.

GIBSON: And George Bush has taken it down to 15 percent.

OBAMA: Right.

GIBSON: And in each instance, when the rate dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down.

So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?

OBAMA: Well, Charlie, what I've said is that I would look at raising the capital gains tax for purposes of fairness."

Obama and Gibson Capital Gains Tax Exchange

[Isaac Schrödinger]

"Bill Clinton, in 1997, signed legislation that dropped the capital gains tax to 20 percent."

That's one of the economically smart things President Clinton did. It surprises me to no end that Democrats don't make this rate cut a part of their platform.

Tens of millions of people will pay less tax per transaction and overall tax revenues won't likely be negatively impacted. It's win-win!

But yeah, it just wouldn't be fair. How atrocious.

[Classical Liberal]

There's a guy in my office who probably makes at least 3 times what most of the others do, including myself (this is a sales position). Not only is he really good in his presentation, but he works his butt off, putting in many more hours than anyone else. He makes about 3 times what most others here do. Perhaps I should go to my manager and ask her to give us all a cut of his commission. You know, for purposes of fairness.

[Laura(southernxyl)]

Classical Liberal, WWOD?

You know, it boggles the mind how indignant Democrats get when Obama is accused of being a socialist.