Bullwinkle Watch
Posted by aogFriday, 13 November 2009 at 11:33 TrackBack Ping URL

The Pelosi Health Care Nationalization bill has many struggles, one major one being coming up with all the money necessary to keep the system solvent for long enough to glide under the CBO 10 year analysis. One mechanism is raising the capital gains tax. Ignoring any issues of fairness and being completely cynical, this is still a failure because, as noted by Hot Air, it’s a taxation scheme that has been tried and found to fail in the past. The federal government has explored around to find the Laffer Tipping Point and the PHCN moves it well beyond that point so that in additional to potentially stifling investment and economic growth, it will also fail to raise any additional revenue and is likely to decrease the total capital gains tax haul. But hey, it passes the CBO test, so who cares what will actually happen? Clearly the Representatives who voted for this bill don’t.

Comments — Formatting by Textile
AVeryRoughRoadAhead Saturday, 14 November 2009 at 09:07

Let’s just raise the full retirement age for Boomers to 68. Mission accomplished, enjoy the Universal Health Care.

David Cohen Saturday, 14 November 2009 at 11:46

It’s hard to believe that this is just stupidity. What could be easier to understand than that recognizing a capital gain is largely voluntary, and thus perfect for tax planning? This has to be all about gaming the CBO analysis.

erp Saturday, 14 November 2009 at 13:04

It’s easier to understand when you remember that to libs taxes are primarily punitive — revenue is secondary.

Barry Meislin Sunday, 15 November 2009 at 07:58

Don’t pay attention to what I do.

Just pay attention to what I say.…

(…Now that you mention it, don’t bother paying attention to what I say, either…)

Believe in me, er, I mean us. And our mission.

For a more equal and therefore stronger America.

For a weaker and therefore stronger America.

For a bankrupt and therefore more popular America.

Believe in us.

And our mission.

(And try to ignore my mentors. They have nothing to with it. And I have nothing to do with them.)

For a better America. For a more equal world.

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