Mike Pence suggests "Cutting capital gains taxes" as one of the solutions to help the market.

[AlCzervik]

yes that's correct.

[Bonhomme Richard]

1. Fuck him. I am so pissed at these assholes.

Go back underneath that rock you crawled out from under.

[AlCzervik]

2. but don't you get it, cut taxes for rich folks and the market well get moving!

:sarcasm:

[DCKit]

3. Yes. It works better and better every time we do it. n/t

[dkofos]

4. I'm thinking it should be raised, and a fee added for every transaction.

[AlCzervik]

6. lol, i'm voting for you.

[gratuitous]

5. Jim DeMint, South Carolina meathead, said the same thing on the Today show

Must be today's neanderthal talking point. But if you're trying to clear out the bad investments, selling something at a loss doesn't result in any capital gains, so there's no "tax" to cut. So how does this stupid proposal do anything at all, except reward the folks who've already won this round? And if the consideration of being taxed causes someone not to liquidate an asset, then either they don't need the money all that badly, or there isn't enough money to be made to justify getting rid of it, taxed or not.

[Selatius]

7. One way to pay for the bailout would perhaps be to RAISE capital gains? Anybody on board with that?

Go back to the capital gains rate during the 1990s would be bad because we all know the economy was performing so horribly under the 1990s tax rates! :sarcasm:

[AlCzervik]

8. good lord man, at this rate you'll never be a republican!

[guitar man]

9. more so called "relief"

...for those who own for a living, and a big "fuck you" to those of us who work for a living. :grr: