Jerry's Lies on the Capital Gains Tax

October 29, 2010 - By admin

John Seiler:

Today I got the third mailing of Jerry’s hit piece on Meg’s proposal to eliminate the state capital gains tax. It says, “Meg Whitman’s $5 billion tax giveaway…it’s not for you.”

Actually, you lying fraud, it is for me. Because if rich folks keep their investment money — on which they already have paid income taxes — then they invest it in creating jobs and businesses. Most Democrats are so dense on economics  they don’t understand that. Believe me, I’ve tried to explain it to them in person — two being Cruz Bustamante and Loretta Sanchez — and they just don’t get it.

But Jerry gets it. In his 1992 presidential bid, he had a similar tax cut designed for him by economist Arthur Laffer, which would have instituted a flat tax at the national level. So he understands that, if you tax something less (income or capital), you get more of it. Which expands the overall tax base, creating jobs.

It’s obvious Meg made a mistake making this the cornerstone of her economic plan. It’s a great idea, but it just doesn’t sell by itself. Instead, as I have suggested, she should have come out for a 50% tax cut for everybody.

That way, when Jerry lied and said, “Meg Whitman’s $5 billion tax giveaway..it’s not for you,” she could respond, “Jerry, you’re lying. What part of ‘everybody gets a 50% tax cut’ don’t you understand?”

And she could have mailed out a piece saying, “Vote Meg. 50% tax cut. For you.”

I also got a flyer from Meg today, but it’s so amateurish compared to Jerry’s professional mendacity that I’m too disgusted to even talk about it.

Oct. 29, 2010

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Comments(0)
  1. DavidfromLosGatos says:

    Easy there, big guy. Just a few more days, and it will all be over.

  2. John Seiler says:

    It’s just beginning!

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Joseph Perkins
Joseph Perkins, now assistant editor of the Orange County Register Opinion Pages, started his career as an editorial writer for the Wall Street Journal. After serving on the White House Staff of former Vice President Dan Quayle he wrote for the San Diego Union-Tribune where he authored a nationally-syndicated column. Before writing for CalWatchdog.com, Mr. Perkins was also Business Editor for San Diego Magazine.
Chris Reed
Chris Reed is a regular contributor to Cal Watchdog. Reed is an editorial writer for U-T San Diego. Before joining the U-T in July 2005, he was the opinion-page columns editor and wrote the featured weekly Unspin column for The Orange County Register. Reed was on the national board of the Association of Opinion Page Editors from 2003-2005. From 2000 to 2005, Reed made more than 100 appearances as a featured news analyst on Los Angeles-area National Public Radio affiliate KPCC-FM. From 1990 to 1998, Reed was an editor, metro columnist and film critic at the Inland Valley Daily Bulletin in Ontario. Reed has a political science degree from the University of Hawaii (Hilo campus), where he edited the student newspaper, the Vulcan News, his senior year. He is on Twitter: @chrisreed99.
Brian Calle
Brian Calle is Editor-in-Chief of CalWatchdog.com and the Opinion Editor for the Orange County Register. His work has appeared in Bloomberg, Fox News, Forbes, Real Clear Politics, Human Events, Real Clear Markets and City Journal, among other websites and publications. Find him on Twitter: @briancalle
John Seiler
John Seiler has been writing about California for 25 years. That includes 22 years as an editorial writer for the Orange County Register and two years for CalWatchDog.com, where he is managing editor. He attended the University of Michigan and graduated from Hillsdale College. He was a Russian linguist in U.S. Army military intelligence from 1978 to 1982. He was an editor and writer for Phillips Publishing Company from 1983 to 1986. He has written for Policy Review, Chronicles, LewRockwell.com, Flash Report and numerous other publications. His email: writejohnseiler@gmail.com

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