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... Eliminating the capital
gains tax will spark entrepreneurship and new investments in the economy,
which in turn will elevate economic growth and increase the number of
jobs. ... Members of Congress once
considered a reduction in the capital gains tax rate from 28% to 19. ...
Combined with indexation, which is
, reducing the
capital gains tax by any amount would be a vital pro-growth step taken by
Congress. ... A zero percent capital gains tax would attract
entrepreneurial risk taking, which is very important to economic growth. ... Commission on civil
rights said, "Reducing the tax on capital gains effectively increases the
flow of financial seed corn to budding entrepreneurs." Also, from a
global perspective, the United States has one of the biggest capital
gains tax rate. Depending on inflation, sometimes the United States has
the largest capital gains tax rate in the world. In a competitive global
economy a zero percent capital gains tax rate would make the United
States a haven for capital, which in the long run will spark economic
growth in the United States.
Approximate Word count = 769
Approximate Pages = 3.1
(250 words per page double spaced)
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