In an attempt to please all Americans rather than just the left or right Rush Limbaugh (with bipartisanship in mind), has come up with an economic stimulus package that uses both Keynesian and supply-side economics. Limbaugh wants the government to:
- spend "$486 billion on infrastructure and pork" (for the left);
- cut $414 billion in taxes (for the right);
- "cut the corporate tax rate from 35%" to 18%; and
- "suspend the capital gains tax for a year".
Limbaugh predicts; "once Wall Street starts ticking up 500 points a day, the rest of the private sector will follow". According to Limbaugh "there's no reason to tell the American people their future is bleak. There's no reason, as the administration is doing, to depress their hopes. There's no reason to insist that recovery can't happen quickly, because it can."
http://online.wsj.com/article/SB123318906638926749.html
Capital gains tax:
"A tax assessed on profits realized from the sale of a capital asset, such as share."
https://uk.etrade.com/e/t/uk/dynamic_content
- spend "$486 billion on infrastructure and pork" (for the left);
- cut $414 billion in taxes (for the right);
- "cut the corporate tax rate from 35%" to 18%; and
- "suspend the capital gains tax for a year".
Limbaugh predicts; "once Wall Street starts ticking up 500 points a day, the rest of the private sector will follow". According to Limbaugh "there's no reason to tell the American people their future is bleak. There's no reason, as the administration is doing, to depress their hopes. There's no reason to insist that recovery can't happen quickly, because it can."
http://online.wsj.com/article/SB123318906638926749.html
Capital gains tax:
"A tax assessed on profits realized from the sale of a capital asset, such as share."
https://uk.etrade.com/e/t/uk/dynamic_content