Bill O'Reilly Outlines a Plan for the GOP

Oh good lord. Talk about revisionist history.

There were no broad based tax cuts during the Clinton/Gingrich years. There were specific tax cuts, which capital gains was one. But it did not generate the tax revenues that you are talking about or claiming. There were revenues, but those revenues were generated because the dot.com businesses were starting to go ujder in late 1998.

We have been over this time and time again. The studies that have been provided proved that capital gains tax cuts do not generate the tax revenues that amny NeoCons and RW partisans claim. It is a myth. .

 

YOu have got your years messed up and the capital gains tax cuts went from 28%, which was the rate by Reagan under the TRA 86, to 20$ and 10% in 1997. There was also thise five year qualified property rule of 18% and 8% respectively as well. 28% was for collectible items and there was this unrecaptured capital gians of 25$ that was also created. All of this was in 1997 when the capital gains rates were divided into different categories. Prior to that, it was 28% and that was from 1986 and on.