Thursday, January 26, 2012
Tis the Season, I Guess
I agree with President Obama that we should do away with the special consideration for capital gains (I make up for it with conservatives by reducing the corporate tax rates significantly). But, if he's trying to portray this act as some sort of great deficit reducer, then he's wholly incorrect. Erin Burnett (smart AND good looking) on CNN last night said that this proposal would only reduce the deficit by 30-40 billion - a pittance. Methinks that this was much more a reelection ploy than it was any sort of substantive policy overture.