Let’s take it to GD.
So, assuming Democrats aren’t actually going to be willing to raise taxes on those making between $100,000 and $250,000, they’ll have a lot of trouble finding money to accomplish what they want to accomplish now, much less in the future.
I would have no problem treating capital gains as normal income for tax purposes. That should pay for a lot of socialist programs.
Who are these non-rural conservatives you speak of?
If they work in defense contracting, they’re on the federal teat.
Law enforcement? Civil servant, tax-paid.
Small business owners? Fine, oppose socialized medicine, make it harder for yourselves to compete, nitwits.
Park Avenue billionaires? Yeah, huge voting base there.
Middle management who vote how their bosses tell them so they can keep their jobs? Now you’re talking! That’s your base. No one need respect such ninnies.
Capital gains tax increases don’t yield much in the way of revenue and have always been a small part of the revenue pie in any case.
See: Buffett Rule and how much it would raise in reality. Not much.
The Congressional Research Group has reported in 2012 that $71.4 billion a year in revenue are missed thanks to the past capital gains cuts and loopholes.
http://money.usnews.com/money/blogs/the-best-life/2012/05/02/3-inconvenient-truths-about-taxes
Problem is, a lot of that loophole is sales of a home. Are you proposing to charge capital gains taxes on primary residence sales?
“Hey look there”, it is a distraction so others will not look that once again you got it wrong.
IAC I do agree that we should mean test the residence sales.
You got it wrong. Taxing capital gains as income does not imply in any way that you’ll remove all the capital gains deductions.
I don’t even think home sales should be means tested. Profit on a home sale should be 100% taxable.
Once again, you said that ¨Capital gains tax increases don’t yield much in the way of revenue¨ that was at best a very off the mark remark.
And dealing with deductions should also be on the table.
Tax increase= tax rate increase. Eliminating deductions could qualify as a tax increase, but it’s generally not what the layman means when he says “tax increase”.
Have you run that idea past Grover Norquist? He seems to be the last word on how Republicans define the words “tax increase”.
I was dealing with the issue in context. The proposal from a previous poster was to treat capital gains like regular income.
Have you run that by Grover Norquist? I’m pretty sure the pledge he holds so many Republicans to is not “I promise not to raise taxes except in the right context.”
No, you’re right about Norquist.
I think I know now where adaher is getting his oft-repeated confidence that the GOP can win on the white vote:
I thought if it long before Trende did. The fact is, white turnout fell below minority turnout as a percentage of registered voters. Trende also points out that white voters are being more and more turned off the by Democratic Party.
Furthermore, whites will never fall below 70% of the population in our lifetimes, if we count whites of Hispanic descent as white(which we do now, apparently).
Contrary to Democratic belief, there are no voters that are more virtuous to win than other voters. If Republicans manage in the future to hold a lock on the electoral college by winning 75% of the white vote, that’s absolutely fine.
adaher, what’s wrong with embracing minorities though? Why should the Republican Party want to depend soley on the white vote? Perhaps if they didn’t piss off minorities with their hard line stance on everything, they wouldn’t have such a hard time attracting minorities and they wouldn’t look like such a racist party. Surely you can’t believe with the rising tide of minorities that the Republicans can survive solely on the white vote, or more specifically, the white vote that isn’t turned off by their racist, misogynist, dumbass, anti-science, etc, nonsense? Just because whites might remain in the majority doesn’t mean the party can hold on to all of them.
Trende thinks the party should continue depending mostly on whites and be ok with raising taxes and supporting universal healthcare??!! He really thinks someone can sell that to the right wing and more specifically, the Tea Party? Yeah, good luck there.
And yes Republican Party, just continue on the same path you’ve been on where you piss off the moderates in the party, like me. See if you can ever get us back again.