Wednesday, July 13, 2011

Debt Ceiling Rising?

To The Five: (5-6 pm, FOX News)

Re: Debt Ceiling Rising?

How would cutting tax cuts for the super rich hurt jobs? I don’t see it. Taxes are paid on profits, –not the costs of doing business– so if the super rich want to pay less taxes, all they have to do is invest , expand their business, and hire more people.

In order for this to work, Congress would have to do away with the capital gains tax on businesses, –not increase them, as they are now proposing. If we are serious about wanting to create jobs, why on earth are we putting up barricades that prevent that from ever happening?

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