Democratic presidential candidate John Edwards rolled out a program for reforming primary education in the United States on Friday, proposing to pay teachers up to $15,000 more in high poverty areas and initiating universal preschool.
His plan would cost $7 billion a year initially and increase in cost. He said it would be funded by collecting capital gains taxes currently not paid and closing offshore tax loopholes.
- AP/Forbes (read full story here)
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Bush lowered capital gains tax rates and revenue went way up.
So Edwards will raise the capital gains tax rates and the revenue will also go way up?
This wold be a very difficult theorum to prove....
Mor likely, revenues will fall much more than they went up.
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