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 the 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.

H.R. 2313 would eliminate all federal taxes on capital gains as part of simplifying the federal income tax system. The bill has currently been referred to the House Ways and Means Committee, but I fully support it and will work to pass it.