capital gains taxes

Jeb Bush: "Of course the rich will get richer..."

"That's just the way it is."

That's more or less how Jeb Bush defended his tax plan to Fox News Sunday after he was slammed for giving lopsided tax breaks to the wealthy. He told Chris Wallace: “The simple fact is 1 percent of people pay 40 percent of all the taxes. So of course, tax cuts for everybody is going to generate more for people that are paying a lot more. I mean that’s just the way it is.”

Bill O'Reilly: The Rich aren't Rich Enough

According to Jay Bookman at the Atlanta Journal-Constitution, Bill believes that the rich and and powerful aren't rich and powerful enough. But before we examine Bill O'Reilly bearing false witness again, let's take a quick assessment of cable TV news in general, and then see where Bill fits in to the scheme of things (pun intended) — or you can just skip to Jay's rebuttal.

Bottom Up Organic Economic Growth

There are those (like Stephen Moore at the Heritage Foundation) who have persistently been saying for years that the U.S. should lower it's corporate tax rate to be more globally "competitive". They have repeatedly said that America has the highest [statutory] corporate tax rate in the entire world — although, in reality, American multi-national corporations usually have a much lower "effective" tax rate, because of all the Congressionally approved "loopholes" in our tax code.

The GOP and Small Businesses

Kansas Governor Sam Brownback had championed the largest tax cuts in the state's history, eliminating taxes on non-wage earnings for nearly 200,000 small businesses. Just like all Republicans these days, Brownback had made cutting taxes and shrinking government the centerpieces of his government. Now the great State of Kansas has a huge projected budget shortfall.