On the Scene: Defending the Crown Jewels

A FEW days after the November election the Washington Post ran an analysis of the mass defection of working-class voters to the GOP. A New Jersey painting contractor was quoted as saying: “You’re looking at a poor man who thinks the capital-gains tax [cut] is the best thing that could happen to this country, because that’s when the work will come back. People say capital gains are for the rich, but I’ve never been hired by a poor man.”

If only Republicans on Capitol Hill could make that persuasive a case for a capital-gains tax cut. Unfortunately, Republicans recently have been hardpressed to articulate any case for capital-gains tax cuts.

A FEW days after the November election the Washington Post ran an analysis of the mass defection of working-class voters to the GOP. A New Jersey painting contractor was quoted as saying: “You’re looking at a poor man who thinks the capital-gains tax [cut] is the best thing that could happen to this country, because that’s when the work will come back. People say capital gains are for the rich, but I’ve never been hired by a poor man.”

If only Republicans on Capitol Hill could make that persuasive a case for a capital-gains tax cut. Unfortunately, Republicans recently have been hardpressed to articulate any case for capital-gains tax cuts.

About the Author

Stephen Moore

Stephen Moore is a co-founder of Unleash Prosperity, a senior visiting fellow at the Heritage Foundation, and a senior economic adviser to the Trump campaign.