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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: greenspirit who wrote (139695)	4/20/2001 6:00:32 PM
From: J_F_Shepard	Read Replies (1) \| Respond to of 769667

MDC re:"for every one percent drop in the rate, capital gains realizations would rise by 6 percent." Thanks for the ref. but the tables don't show up. Two things, I can see that if cap gains rates drop some folks would sell and take profits and I can't argue with the "realization by 6 percent" statement. But by that logic, tax revenue would rise by 120% if cap gains taxes would be reduced to zero....that , of course, is nonsense since no taxes would be paid at all. But yet I hear conservatives arguing for total elimination of cap gains taxes.... The argument I hear for this is that the money will be reinvested but I think it's obvious that the money would most likely be invested in the stock market again with any future gains again not being taxed. So let me ask you, what do you think is a proper cap gain tax rate? Another thing that amused me in your link was the projection for the years 1996-2002 which says that cap gains rate reduction would boost GDP by some 80B dollars.....80B out of a GDP of how many trillions? With the discussions going on these days, 80B is chump change....