Taxing stock gains would hit middle class, too

Not just the 1 percent invest in stocks. The Democrats would have you believe that the middle class don't get any income from the stocks, so we should double the tax rate on income derived from the stock market. Where exactly do they expect the "middle class" to put their money? Saving to put kids through college, or for retirement?

How about those of us who have retired and have a small portfolio of blue chip stocks whose dividends augment Social Security? Putting money in a savings account or CD at current interest rates is hardly worth the gas to drive to the bank. Instead of trying to divide people and figure out how to get more revenue to spend, they should try cutting spending.

Craig Garfield, Ellicott City

Copyright © 2014, Los Angeles Times
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