Reducing Taxes on Capital Gains

King George and his rich buddy Treasury Secretary Nicholas Brady have immorally proposed a windfall for the rich at the expense of the rest of us (Part I, Jan. 31).

They propose “to reduce the maximum rate on capital gains to 15% from the present level of 28% to 33%.” This cuts in half the amount that the rich, like Brady, pay in taxes.

This is in the face of the enormous debt, the multibillion liability of the S&L; debacle, and all the other fees, taxes and debts the government says we have to pay.

GEORGE TOOBY

San Marino