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Capital Gains Tax Cuts Could Give Boost to Economy

 
December 9, 2002

One of the greatest threats to our economy is the continually squeezed level of investment capital that fuels job creation, business expansion and technological advancement. Cutting capital gains tax rates is the most effective way the government can facilitate economic growth in a timely manner.

 

Capital gains tax cuts have historically provided the economy the biggest bang for the buck because they are broadly-based with benefits impacting individuals, corporations and the capital markets. Individuals gain in the short and long-terms, with immediate incentives for greater returns on investor risk taking, and long-range potential prosperity for investors from a stronger market.

 

America's economy needs a shot in the arm and I believe capital gains tax cuts will provide a needed spark to our economy and much needed relief to our workers.

 

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