merrie says: I think that we can have a capital gains rate that is higher than 15 percent. When I talk to people like Warren Buffet or others and I ask them how much of a difference is it going to be if it's 20 or 25 percent, they say,if it's within that range then it's not going to distort economic decision making. On the other hand, what it will also do is first of all help out the federal treasury, which is running a credit card up with the bank of China and other countries. What it will also do is allow us to make investments in basic scientific research, in infrastructure, in broadband lines, in green energy and will allow us to give us--give some relief to middle class and working class families who have been driving this economy as consumers but have been doing it through credit cards and home equity loans. They're not going to be able to do that. And if we want the economy to continue to go strong, then we've got to make sure that they're getting a little relief as well." |
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