IF YOU ARE A WAGE EARNER
THE DEMOCRATIC PARTY IS FOR YOU
The basic underlying difference between the two parties is economic. The
Republicans believe that if investors and big business are given tax breaks
and other financial incentives the money will eventually trickle down to
the rest of America. The Democrats believe that the working class should
be given any tax break that is available, increased wages, and enhanced
working opportunities; that money will be spent in the market place within
a short time which will stimulate the economy all the way to the top. Personally,
as one who has always lived and supported my family from wages, I have
to agree with the Democratic position. Those who earn their living from
investing their money tend to agree with the Republicans even though the
recessions of the past decade prove "trickle down"simply does not work.
The capital gains tax was instituted back in the beginning of this century
after the nations newspapers reported that the richest men in America did
not pay income tax because they had NO INCOME. Last year (1996)
the Republican Congress attempted to eliminate the capital gains tax. but
they were stopped by President Clinton and the Democrats in Congress. I
have never been asked to pay capital gains tax. The only capital gain I
ever had was from selling my home and since I invested that gain by buying
another home it was not taxable. So, maybe I am not qualified to make a
judgment on the issue but, my instincts tell me that every American, even
the richest, should pay a fair share of the cost of keeping America alive
and well.
Return to Illinois Democrats
