MOD_DEM78

Tune into any channel on televison these days, and you will be overwhelmed with ominous promises of health reform, campaign reform and my favorite reducing the middle class tax burden. Reminiscent of one of the greatest musicals of all time, Fiddler On the Roof, candidates are singing the same tune, "If I Were A Rich Man" and promising to go after the capital gains tax advantage. The hope is that you will be just as frustrated as "they" are and reasonably conclude that this action alone will cure our economic woes.

Capital gains reform is not the answer. Speaking as a hardline Democrat, I can insure you that this Republican initiative interpretted as a big thank you from the "Bush Admin" to its' contributors, actually can funnel money into the economy. Fortune 500 companies depend upon their tax loopholes to ensure infrastructure and job growth. Eliminating or restructuring the capital gains, will only serve to increase job insecurity and unemployment nation wide. If you polled the working backbone of America, I'll wager that the number one complaint nationwide is the large discrepancy in pay that exists in most corporations today. Every time an under-performing executive exits, it appears that because of their contracts they are rewarded excessivly, and middle class America finds itself bought out and unemployed.

Investors need to stop buying into the hype that an overpaid CEO and CFO will guarantee dividend return. America's guarantee is and always will be its' middle class. Thru their discretionary spending, manufactured and durable goods indicators will benefit. Grow our middle class, and you grow America as a whole. So the next time you find yourself singing, "If I Were A RIch Man", remember to vote for an administration that hasn't forgotten about the middle class.