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Politics : Formerly About Advanced Micro Devices
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To: kash johal who wrote (129628)12/13/2000 5:09:08 PM
From: TimF   of 1575189
 
2. Capital gains cut.

I believe that GW is comitted to cutting cap gains. One reason folks keep holding stock is they dont want to pay tax on gains.

Surely this will put huge sell pressure on the stock market.

True but it also incourages investment in stocks because they will have a better after tax return. I think if GW was about to raise capital gains rates it might cause a sell off before the rate change takes effect.

Tim
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