tag:blogger.com,1999:blog-2135788133426971614.post7212066387363993566..comments2024-03-28T01:09:48.303-07:00Comments on 21st Century Taxation: President Biden's FY24 Greenbook - Observations on Some ItemsProfessor Nellenhttp://www.blogger.com/profile/03288632402197167948noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2135788133426971614.post-36400163168407127132023-03-14T07:19:53.325-07:002023-03-14T07:19:53.325-07:00The "conservatives" of today would call ...The "conservatives" of today would call Reagan a socialist and job destroyer for taxing capital gains at the same rate as earned income. Remember, under Bush 43, dividends needed a break because people worked for their investments but not for their salaries. I get regular communications from a rather effective lobbying group that claims that raising the NII tax to 5% will destroy all family-owned businesses, but they make that claim for most proposed tax increases. Kevin Brady's name is on a bill that p[ropkosed to repeal estate taxes because that tax discourages entrepreneurs from starting businesses.<br />In other words, I'm not optimistic about rational debate4s on tax policy.Robert W. Jamisonhttps://www.blogger.com/profile/15783525564531360104noreply@blogger.com