Heritage "...periods of higher tax rates are associated with sub par economic performance and stagnant tax revenues. In other words, when politicians attempt to "soak the rich," the rest of us take a bath. Examining the three major United States episodes of tax rate reductions can prove useful lessons."...
DEMS SAY 'NO' TO TAX COMPROMISE "When cited information showing that government revenues actually increased when capital gains taxes were lowered, the exact response from Obama was: "What I've said is that I would look at raising the capital gains tax for purposes of fairness." The same concept applies to Nancy Pelosi, only she is too seasoned of a politician to slip-up on something like this.
So the House is mounting its attack, but the Senate says that it will vote on this compromise within the next few days, then sending it to the House where it will face these Democrat nay-sayers. Neal Boortz
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