Thinkprogress:
On ABC’s This Week today, Sen. John McCain (R-AZ) embraced ABC News anchor Charlie Gibson’s cocktail-napkin economics and claimed that “every time you cut capital gains taxes, revenues have increased”:
MCCAIN: Sen. Obama says that he doesn’t want to raise taxes over, on anybody over, making over $200,000 a year. Yet he wants to nearly double the capital gains tax, nearly double it, which a hundred million Americans have investments in. Mutual funds, 401ks, policemen, firemen, nurses, he wants to increase their taxes. And he obviously doesn’t understand the economy because history shows every time you cut capital gains taxes, revenues have increased, going back to Jack Kennedy. So, out of touch, yes.
No comments:
Post a Comment