Odd

Republicans seems to be flipping out, but this strikes me as the best tax idea Obama has come up with recently.

I've never quite understood why capital gains are taxed at a lower rate. Plus, even if you objected to this idea, we could still stagger the capital gains rate like we stagger income. I think the idea here is to close the Buffett loophole for institutional investors.

If I were designing the "fairest" tax system based on my own income experiences, I would lower income tax and increase capital gains tax...after all...I worked for the income and just sat on my ass for the capital gains.