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THE DEMOCRATIC PARTY IS FOR YOU |
The basic underlying difference between the two parties is economic.
The Republicans believe that if investors and big business are given tax breaks and other financial incentives the money will eventually trickle down to the rest of America.
The Democrats believe that the working class should be given any tax break that
is available, increased wages, and enhanced working opportunities;
that money will be spent in the market place within a short time which
will stimulate the economy all the way to the top. Personally, as one
who has always lived and supported my family from wages, I have to agree
with the Democratic position. Those who earn their living from investing
their money tend to agree with the Republicans even though the recessions
of the decade of the 80's and early 90's prove "trickle down" simply does
not work.
The capital gains tax was instituted back in the beginning of this century after the nations newspapers reported that the richest men in America did not pay income tax because they had NO INCOME. The 1996 Republican Congress attempted to eliminate the capital gains tax.
They were stopped by President Clinton and the Democrats in Congress. Most working people have never been asked to pay capital gains tax. The only capital gain many people ever have is from selling their home and since most invested that gain by buying another home it is not taxable. So, maybe most working people are not qualified to make a judgment on the issue but, my instincts tell me that every American, even the richest, should pay a fair share of the cost of keeping America alive and well.
Again in (1997) The Republican congress tried to pass legislation to eliminate capital gains tax. It was not as easy to stop this time because President Clinton had to compromise some of the capital gains tax to get republicans to give a little on such issues as health care, medicare, public safety, and economic stability. The result was a reduction in Capital Gains Tax to 20%
Was it the trickle down policy of the Reagan, Bush years of the 80's? If you remember George Bush left office with unemployment creeping into double digits. Companies were laying off employees by the tens of thousands. Recession was higher than the Nixon/Ford years. And, less than 6 months before the election, then President Bush refused to acknowledge the fact that we were headed for recession. . . . Still believing trickle down would work.
. . . or
Is it the Democratic policy of the 90's with unemployment at a 40 year low, economic stability the best it's been in decades and foreign governments once again looking to the United States as a work leader?
You must ask yourselves the same question President Reagan asked, "Are we better off now? Or, were we better off eight years ago?
