Repugs on Fox already howling about lowering the capital-gains tax: Which “small businesses” would that help?
Question by Your mom: Repugs on Fox already howling about lowering the capital-gains tax: Which “small businesses” would that help?
The small businesses like Wal-Mart and Exxon? Because, oh, look, Obama already removed the capital-gains tax from small-business investors: “The Small Business Jobs Act of 2010 exempts 100% of the taxes on capital gains for angel and venture capital investors on small business investments if held for 5 years. This is a temporary measure that applies for stock bought until the end of 2010 (http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States#Small_Business_Act_.28year_2010.29 ). A measure which can easily be extended – and which probably does more to help investors get rich anyway than to help any businesses themselves.
America is so smart for thinking more Republican pro-Big Business agenda is going to somehow “help” the economy or help it escape from its disastrous boom/bust cycle.
Best answer:
Answer by PIXIE
don’t you think regular people get capital gains taxes
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It will help all of them.
help all businesses – why do libs watch Fox all the time ~
Mine. I’m a derivatives trader.
School starts in September–be there!
Ask Bill Clinton. He and Congress lowered the Capital Gains Tax and the already good economy went into overdrive. Even the Chinese have done this. If Communists can understand Capitalist pro-business tax policy, we should be able to.