wonkroom.thinkprogress.org — Congressional "conservatives" took to the airwaves, explaining what should be included in the bailout in order to persuade (bribe) other Republicans to vote for it. Their additions: cutting or eliminating the capital gains tax and cutting corporate taxes. Watch a video compilation...
Oct 1, 2008 View in Crawl 4
niradgOct 1, 2008
Republicans are trying to impose their "shock doctrine" -exploiting a crisis to get whatever they want, but the American people aren't having it. It's worth noting that cutting or eliminating the capital gains tax would be extremely dangerous and counter-productive- it would likely lead investors to withdraw trillions of dollars in securities, escalating the problem we have now.
sspinkOct 1, 2008
If they eliminate the capital gains tax they're adding an incentive for people to get there money out of the market, which is pretty much the opposite of what we need right now.
peheimbachOct 2, 2008
Hmm. Maybe it wasn't Pelosi's speech that spooked the Repugs in the House on Monday. Maybe it was the subliminal Repug broadcast over whatever channel those kids listen to, saying "if it doesn't pass, we'll sweeten it ... if it doesn't pass, we'll sweeten it." No one pays attention to the Senate midweek, a richer bill goes back to the House, which then says "We can't deep six this thing twice, what do we do?""Psssst." says the radio, "the sweets the Senate tacked on will piss off the House Democrats. Let them take the fall."Hnh.