mjlovesmj

Bill Steiger, who proposed that they slash the top rate on capital gains Vibram Five Fingers Bikila 28%. In what must have been a galling moment, Cai-ter signed the so-calied "Steiger Amendment" into law later that year. Obama's administration would allow capital-gains taxes on the rich to increase under current law to 25% by 2013, up from 15% today. Taxes on dividends during the same period would rise from 15% to 44.6%. This particular Vibram Five Fingers Classic upsets the utilities industry, which finds itself facing several trillion dollars in coste to build a smart energy grid and replace its aging infrastructure. Capital costs could spike if wealthy investors are hammered by high taxes. Bloomfield says Democrats don't consider capital-gains cuts to be a Republican issue- and therefore something Vibram Five Fingers KSO Red -Grey Shoes couldn't possibly contemplate enacting. Both JFK and FDR viewed low tax rates on capital as beneficial for economic growth. Bloomfield is trying to generate enthusiasm for FDR's sliding capital-gains tax scale, which reduced the bite the longer you held on to an investment. Both Democrats Vibram Five Fingers Speed in Black/Red Republicans who have heard him talk it up are receptive to the idea, he says. If Bloomfield's instincts are right, it's probably time for Obama to channel his inner Reagan and jump on the capitalgains and dividend tax-cut bandwagon. When Democrats in Congress broke with Carter on tax policy, it made him look weak and out of step; and even though he signed the Steiger amendment, this image stuck, and cost him dearly in his race against Ronald Reagan in 1980.