Summary
Up o now, Blackstone's authoring statement had envisioned some kind of two-tiered tax plan, where ordinary corporate compensation would be taxed at the 35% corporate rate, while high-risk investmentfund profits would be taxed at the 15% capital gains rate. Supply-side guru Arthur Laffer suggests that we embrace one simple flat-rate tax plan that would do away with false distinctions between corporate and capital gains tax rates and abolish the multiple tax on investors.
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Extract
The Democratic War Against Prosperity Marches On
Democrats in Congress and on the presidential trail are intensifying their high-tux war against prosperity and the so-called rich. Their latest salvo includes more tax penalties on successful investors and entrepreneurs, such as a proposed 4.3% surtax on high-inco...
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