I think the proposal has a lot of merit. It also called for elder care tax cut, two new IRA's for individuals and couples, and I think, frankly, with the infusion of the capital gains tax reduction for individuals and businesses, what we are going to have here is growth of businesses, growth of savings, and growth of jobs, all of which are pro-economy, and pro-people, and so it is the populist idea that has been embraced by Republicans and Democrats alike as well as those who are financial experts on Wall Street and on Main Street.
Jon Fox: “I think the proposal has a lot of merit. It also called for elder care tax cut, two new IRA's for individuals and…”
Editor's note · Context
Discussing a proposal for tax cuts and its potential economic benefits.
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