(no subject)
I've been mystified about the GOP suggestion of cutting or eliminating the capital gains tax as some method of getting out of this economic mess. Until reading this article from CNN. The pertinent statement:
Suspending capital gains taxes on securities purchased during the next two years.
Ohhh!! Now I see. They engineered the greatest modern drop of stock market history, and are now salivating over all the profits they can make from buying up depressed stocks and selling them later after the bailout has pumped them up again.
Suspending capital gains taxes on securities purchased during the next two years.
Ohhh!! Now I see. They engineered the greatest modern drop of stock market history, and are now salivating over all the profits they can make from buying up depressed stocks and selling them later after the bailout has pumped them up again.