Wednesday, April 12, 2006

Does Hillary Clinton Think A 15% Capital Gains Tax Is Too Low?

The New York Sun reports on Al Hunt's questioning of Senator Clinton :
In a Bloomberg television interview Monday, Mr. Hunt said, "You cited fiscal discipline earlier. And I know that you and most Democrats advocate rolling back the Bush tax cuts for the very wealthy. Do you think a 15% capital gains tax rate, then, is too low?"

Senator Clinton hemmed and hawed: "You know, Al, I think we have to look at the whole package. You know, I obviously am an adherent to the Clinton economic policies. I believe in fiscal responsibility, and I know there are some who come on your shows and say, that's outdated. We don't need it. I think that's a very dangerous position to take. We need to figure out what is it we're trying to achieve and then we have to look to see on both the spending side and the taxing side how we get there."

Mr. Hunt pressed, "But that would involve a higher capital gains tax."

Senator Clinton hemmed, "I don't know. I mean, I'm not going to ..."

Mr. Hunt interjected, "If you roll back the Clinton - excuse me, the Bush ..."

Mrs. Clinton hawed, "Well, if we went back to the Clinton policies it would. I'm not sure that that's exactly what we should do, but I think the combination of fiscal responsibility and economic growth proves to be very positive for our country."
It appears Senator Clinton feels the 15% capital gains tax is too low.We wonder what exact number Hillary Clinton thinks is too high of a tax.