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This page contains a single entry from the blog posted on June 13, 2003 12:28 AM. The previous post in this blog was Brownout. The next post in this blog is The old block. Many more can be found on the main index page or by looking through the archives.

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Friday, June 13, 2003

Why people voted for Nader

I guess Rep. David Wu over on Portland's west side (and beyond) wants the Bush Tax Cut Carnival to tap another keg of deficit. He's just introduced H.R. 2081, which would cut the capital gain tax rate on sales of investment assets held more than five years from 18 percent to -- get this -- 5 percent!

So if you make a living by the sweat of your brow, you pay tax at up to 35 percent, but if you can afford to live off investments, and you're so loaded you can let the goodies on your pile age for more than five years before selling them, the profits you make should be taxed at 5 percent.

Apparently it's tough being a real Democrat when your district includes the conservative suburbs and a chunk of farm country.




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