BS. If he wants lower taxes on gains om actual investment capital, OK But I don't see why we need to keep this regime of "THIS" income is good and"That" income is bad. wages vs cap gains/dividends like we gave now.Tax all income as income. But don't tax "this" income differently than "that" income. And raise the standard deduction up to $50,000 to $100,000 and give people a real incentive to make money instead of the way it is now: Their incentive to work is increasing desperation
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