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1 jc717  Mon, Jul 9, 2012 6:14:24am

What about cap gains and dividends? Having dividends taxed as long term cap gains (15%) and lowering long term cap gains from 25% to 15% is what's causing the spike in wealth disparity. Unless he's talking about undoing those 2 things, it won't make much difference.

2 EiMitch  Mon, Jul 9, 2012 7:12:24am

re: #1 jc717

To be fair, there isn't much that can be done about tax-breaks for the rich so long as the teabagger driven GOP has clout.

3 jc717  Mon, Jul 9, 2012 8:54:53am

re: #2 EiMitch

To be fair, there isn't much that can be done about tax-breaks for the rich so long as the teabagger driven GOP has clout.

Disagree... just do nothing and they expire. Obama has to be willing to walk away.

4 EiMitch  Mon, Jul 9, 2012 9:51:23am

re: #3 jc717

Its not that simple. The rich aren't the only ones with tax cuts in question. If Obama were to heed your advice, then taxes go up for alot of people. Good luck selling that idea, especially during an election year.

Obama's best bet (for himself and for us) is to play the cards he's been dealt. Meanwhile, my advice for him is that he makes his "non-coordinating" Super PACs focus their attack ads on how the GOP only fights to promote the religious right's hard-line agenda and benefit the wealthy at the expense of the rest of us.


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