Did sanity prevail? | Arkansas Blog

Monday, October 13, 2008

Did sanity prevail?

Posted By on Mon, Oct 13, 2008 at 6:30 AM

The hoot of the morning was the wire story in D-G that John McCain would be proposing, ta da, a tax cut to stimulate the economy. How a capital gains tax cut would help when hardly anybody has any capital gains to report is one obvious flaw. Another is the fact that a tax cut on the already low tax rate on dividends is of almost singular benefit to the wealthy.

Maybe the appearance of holding the interests of the wealthy paramount and holding firm to the failed trickle-down theory struck somebody in the McCain camp as a touch off. They've apparently dropped the idea.

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