Friday, July 23, 2004

Why the dividend tax cut makes capitalism more honest and efficient. Once again, the brainiest online magazine throws light on why we're on the right track. Meanwhile, Kerry's role was characteristically craven:

Democratic presidential candidate Sen. John Kerry used the latter point to push for abolishing the double taxation of dividends during a speech in December 2002. Kerry told the Cleveland Economic Club, "And we should encourage the measurement of the real value of companies by ending the double taxation of dividends." President Bush followed one month later with a proposal to abolish the double tax but Kerry reversed course, quickly denouncing the proposal as a give away to the rich for partisan purposes. Kerry then proceeded to vote against the legislation at least 7 times in 2003.

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