Flashback on taxes and Democrats

John Kerry and John Edwards in the 2004 presidential race ran on a platform of repealing tax breaks for the rich. Sound familiar? Wasn’t that mentioned in Tuesday’s SOTU?  They didn't like Bush's tax cuts of 2003 for capital gains despite the fact the cuts brought in a 68% increase in tax revenues. Why do tax cuts bring in higher revenues? Lowering the rate provides incentive to sell, and that means money to reinvest which means more growth, which means more jobs, which means more taxes for our Congress to spend. That makes Democrats very unhappy, because it also means the rich get richer. They'd rather everyone suffer than have the upper quintile (other than themselves) get more. Bush inherited a recession too, although he didn't mention it every time he was in front of a microphone. He just put a stop to it. Obama wants higher taxes not to help the middle class (we'll never see a penny of it), but to punish the successful.