I would support a cut in interest income rate tax (first x dollars for all) to encourage savings. I could accept raising cap gains tax by a few points to finance the first cut.
Heck, how many of us have cap gains in recent years? In retrospect, I would have loved to pay 25% rate on my 5 baggers in 2000. In 2000 at height of bubble I was thinking of stock tax rate (STUPID thought). I know several people who didnt sell houses in 2005-6 because they didnt want to pay taxes. Don’t let Tax rates cloud your judgement.
