offensive he gets his point across which we know he will. but he does have a very unique branding ability, and i think people actually really enjoy themselves when they hear this. in on the joke because they go and expect to hear sleepy joe rift of pocahontas a crooked hillary riff, and you know it is not like oh, man. that s a mean guy but poking fun. funny. biden not a great night the other night on cnn debate here s highlights as we like to call them low lights from sleepy swroa. [laughter] got moved, the to make sure that i like to hear used diminishes and why in god s name clipping coupons on stock market make, in fact, pay a lower tax rate than someone who, in fact, is like i said a school teacher and a firefighter? i would eliminate capital gains tax that i would raise the capital gain tax what is happening in iraq is going to
but he does have a very unique branding ability, and i think people actually really enjoy themselves when they hear this. in on the joke because they go and expect to hear sleepy joe rift of pocahontas a crooked hillary riff, and you know it is not like oh, man. that s a mean guy but poking fun. funny. biden not a great night the other night on cnn debate here s highlights as we like to call them low lights from sleepy swroa. [laughter] got moved, the to make sure that i like to hear used diminishes and why in god s name clipping coupons on stock market make, in fact, pay a lower tax rate than someone who, in fact, is like i said a school teacher and a firefighter? i would eliminate capital gains tax that i would raise the capital gain tax what is happening in iraq is going to i mean, it is going to be in
he has a unique branding ability, and i think people actually really e enjoy themselves when they hear this. in on the joke because they go and expect to hear a sleepy joe riff. of pocahontas a crooked hillary riff and it is not like oh, man that guy is mean. it is like he s poking fun. a little funny. biden not a great night the other night on the cnn debate here s some highlights as we like to call them low lights from sleepy joe. i got moved the to make sure i like to be used diminishes why in god s name should someone clipping coupons on stock market make, in fact, pay a lower tax rate than someone who, in fact, is like i said a school teacher and a firefighter? i would eliminate capital gains tax that i would raise capital gain tax what is happening in iraq is going to is excuse me in afghanistan, what does president do? he said i believe vladimir putin
fast forward to now. a private equity fund makes money usually in the millions. a big chunk of that money goes to the investor, like the old ship s captain, 20% goes back to the fund manager. that 20% is carried interest. the fund manager pays 23% tax, 23 23% 23.8%, capital gain tax and 3.8 invest tax. how it should be according to those who view fund managers as entrepreneurs. the idea, entrepreneurs should reap rewards from selling something that they built. putting their capital at risk. others argue for closing the loophole saying 20% cut is actually income. like you would earn income. and i would earn income. that is taxed at a combined rate, being taxed the regular way of 43.4%. reezbling behind that, these managers tend to be extremely wealthy and paying that 23.8% means their taxes are lower than people who currently make
taxes that the deficit will explode and maybe you ll get a little growth and maybe you won t. it s the last 15, 20 years suggest that cutting taxes is not producing growth anymore. i don t agree with that. i look at the history of when we had the major tax rate reductions in this country like the 60s and 80s when we had a big boom. we had a big reduction this capital gain tax with bill clinton. look at the revenues, they just ex exploded. that s one of the reasons we were able to get to the first balanced budget in 50 years. jeff, what do you say about corporate tax? in your book, you say the heart of real sustainable growth is going to be actually very large scale government spending on inf infrastructure taking health care private and nationalizing health care, getting rid of the private sector all together. explain why you think that s a