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Tuesday, November 15, 2005

Listen to Larry: Make Tax Cuts Permanent: NOW!

Economist Larry Kudlow is expressing dismay that Republicans haven't moved on making the 15% tax rate on capital gains and dividends permanent. He brings up a great point: 60% of Americans are invested in equity. While democrats will continue to whine that tax cuts only help the rich, 60% of our population sounds pretty much like middle class America to me.

We all know that (top 1%) wealthy democrats like Ted Kennedy, John Kerry, and the Clintons do not need tax cuts, and therefore, if they want to forego their savings received from tax cuts, I'm sure most charities would be amenable to accepting their donations, as would the US government. However, these wealthy democrats are absolutely destroying the middle class and the economy if they raise tax on investments (which everyone knows is a done-deal) if democrats ever win an election.

Not everyone is wealthy enough to be a democrat!