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Originally Posted by John1960
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Gosh, is McCain finally going to be a Republican? Naw.....he'll cave in the end. He always does.
What is needed is a cut in the Capital Gains Tax and NOT an end to the Bush Tax Cuts (wrong thing to do, which will worsen the economy).
This all just shows that (as usual) Obama and the Democrats have no clue about economics. They have no idea what they are doing.
Tax cuts work every time: John F. Kennedy, Ronald W. Reagan, George W. Bush.
Giving so-called "tax cuts" to people who don't pay income tax in the first place is simply a "transfer payment", and is very, very short term in effect. It isn't going to work. This is just "redistribution of wealth (somebody elses) to people who didn't earn it.
Joe the Plumber was right.