St. Clown
Liberal Rebel Scum, apparently
Re: Democratic Challengers 8: Candidates Can Only Work for A Vegan Farm Market
When raising the marginal tax rate on high income earners, Clinton also cut the capital gains tax. People looked from one to the other and said that the CGT cut outweighed the MTR increase as most rich people get the majority of their income from capital gains and not wages and salary.
Few people actually believe in trickle down economics anymore. The poors aren't voting GOP because they think they'll get some benefit from billionaire tax cuts. They're voting GOP on racial issues.
Regarding Kep's comment about crafting policies to appeal to conservatives, sadly 40 years ago and for a decade or so afterwards the majority of people actually believed that sh it, not 33%. They might still believe it had Clinton not crushed that notion both in his 1992 campaign and his subsequent handling of tax/budget/economic policy which laid waste to the idea that tax hikes on the rich would hurt the economy. That's been a major shift in attitude from the public, which is why the last two tax hiking Dem Presidents were both overwhelmingly re-elected when previously that was thought to be electoral death.
When raising the marginal tax rate on high income earners, Clinton also cut the capital gains tax. People looked from one to the other and said that the CGT cut outweighed the MTR increase as most rich people get the majority of their income from capital gains and not wages and salary.