“The tax rate for capital gains is already lower than the rate for wage income: the top rate for investment income is 20%; the top tax rate for wage and salary income is 37%.”

In my opinion the tax rate for capital gains should be comparable to that of wage and salary income. I also think capital gains tax rates should be graduated like wage and salary income.

“Many economists already blame the lower capital gains tax for contributing to extreme wealth inequality. According to the Center for American Progress, for middle class taxpayers earning between $75,000-to-$100,000, only 2% of their income comes from dividends or capital gains. Meanwhile, taxpayers who report income of $10 million or more have more than half their income come from capital gains or dividends, with only 17.5% of their salary coming from wages, as per the Center for American Progress.”

I agree that the lower capital gains tax rates contribute to wealth inequality. Why should a person who works to earn a living be taxed at a higher rate than a person who just invests his surplus profitably? There is already a capital gains exemption for selling a home at a price above the purchase price due to inflation. So increasing the capital gains tax rate should not be a significant impact to the middle and lower class.

“Critics also point to the Trump administration’s recent efforts to cut 3 million people off food stamps as an indicator of his loyalty to the super-rich rather than the American people.”

The people that are being cut from food stamp availability should not have been eligible.