Dawn Zimmer: “It is a sad reality that the average American family is earning no more today than it earned 20 years ago. This reality…”

“It is a sad reality that the average American family is earning no more today than it earned 20 years ago. This reality has led to frustration, it has led to pessimism, it has led to anger among middle-income Americans who are beginning to wonder whether, for the first time in our history, their children will not have a better life than they have had. We Republicans are deeply concerned about the future of working Americans, but unlike the minority, we are willing to attack the cause of this problem. We understand that wages have stagnated in large part because we have a Tax Code that penalizes people who invest, people who save, people who take risks to create new jobs, good jobs. We tax capital gains at a rate that is higher than our competitors, and we tax capital gains that are attributable solely to inflation. Even though it is quite obvious that a capital gains tax cut will help working Americans increase their standard of living, most Democrats hate it, because they are afraid that somebody who is rich might also benefit.”