David Weldon: “I have heard the other side characterize capital gains tax cuts so many times as tax cuts for the wealthy that I am…”

“I have heard the other side characterize capital gains tax cuts so many times as tax cuts for the wealthy that I am truly baffled. I am baffled because I do not know if the other side persists in saying this because they simply do not know what they are talking about or because they know that bashing the rich is good politics. So, Mr. Speaker, I have a few questions for the other side. Does the other side believe that the role of capital in our economic system is unimportant? Put another way, can the other side conceive of a single thing, anything at all, that is more important to our economic growth than savings and investment? Do the Democrats believe that taxing savings and investment less will result in more of it? Does more savings and investment help create jobs or prevent them from being created? Does the other side pretend to believe that the poor will prosper if fewer jobs are created? Of course not. The other side is so obsessed, Mr. Speaker, with the possibility that rich people like Bill Gates and Tiger Woods might get richer that they would deny the poor an economy that produces more jobs for everyone. No wonder the voters are cynical.”