IF OBAMA CAN SUSPEND THE OBAMACARE MANDATE, COULD A REPUBLICAN PRESIDENT SUSPEND THE TAX ON CAPITAL GAINS? “Democrats too may acquiesce in Mr. Obama’s action, as they have his other aggressive assertions of executive power. Yet what will they say when a Republican president decides that the tax rate on capital gains is a drag on economic growth and instructs the IRS not to enforce it?” That’s thinking too small. What about not enforcing the entire Income Tax? I mean, as long as the Constitution’s “take care” clause doesn’t mean anything. . . .