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Krauthammer: Small Business Bill About "Targeting Tax Cuts"

Charles Krauthammer: "First of all, it's about targeting tax cuts. This is how liberals operate. You raise the rates across the board and then the government will deign to return some of the money on a targeted tax cut, meaning if you do exactly as they say. Which means, for example, if they favor, say, high-tech investment and they'll give you a cut in capital gains, and you have a business in which you don't need that, but you need to spend on marketing, the government thinks it knows how to redirect your capital in a superior way. It's a classic liberal way to operate whereas Republicans want lower rates across the board and eliminate the targeting of tax cuts as you had in the '86 tax bill, the Reagan-Bradley bill."

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