Some people are never satisfied. That goes double for America’s 1%, especially when it comes to tax breaks.

Not content with the enormous tax cut they received from President Trump and the Republican-controlled Congress in December 2016, they’re now angling for an additional tax cut. Even worse, they’re proposing that Trump circumvent the Democratic majority in the House of Representatives by giving it to them via executive fiat.

The proposal is embodied in a letter to Trump issued Tuesday by 41 anti-tax and right-wing organizations. They include current or former affiliates of the Koch brothers’ network such as the American Legislative Exchange Council (ALEC) and the Club for Growth; Grover Norquist’s Americans for Tax Reform; the American Conservative Union, which is chaired by Matt Shlapp, husband of Trump White House aide Mercedes Shlapp; and the Heartland Institute.

...

Capital gains taxpayers already receive huge tax breaks compared with ordinary working stiffs that should more than compensate them for inflation.

To begin with, the rates on capital gains are much lower than those on wages and salaries. The top rate is 20%; compared with a top rate on wages and salaries of 37%. Even if one adds the 3.8% tax on unearned or investment income imposed on those with income over $250,000 (for married taxpayers filing jointly), that rate is still roughly only two-thirds of the rate on earned income — in other words, roughly the amount of gains the Tax Foundation says is due to inflation.