Let me put it to you in perfectly understandable terms. My husband owns a corporation. He is based in Oregon and is the proverbial "small business" that Dudley is aiming to stimulate. Capital gains cuts won't help him. It won't help him employ a single person. Small businesses don't make purchasing or hiring decisions based on capital gains. Meanwhile, day traders and companies like Filigree are going to pay 66% less in taxes than a cop, firefighter, or teacher. Or you or me for that matter.
Dudley keeps using this disengenuous figure of 11% capital gains and that it's "the highest in the nation". What he's not explaining is that it's 11% above $500,000. This applies to millionaires. Dudley doesn't like the fact that he has to pay taxes on money made speculating in the market as if it were income. This plan is redistribution of wealth to people he represents at his firm with money that belongs in the Oregon coffers.
This gift for speculators WILL NOT CREATE A SINGLE JOB.
Reject this fraud!
2 comments:
Go, tell it on the mountain! You hit the nail on the head, I just hope people listen.
I won't back down now, James. I knew the guy would show his motives. The thing is, if he was asked "doesn't this benefit your company greatly?", he couldn't deny it.
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