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

To: Gordon A. Langston who wrote (538966)2/11/2004 5:18:02 PM
From: Bob  Respond to of 769670
 
capital gains tax reduction has the potential of "unlocking" hundreds of billions of dollars of stored up wealth.[11] Cato Institute."

You want another economic stimulus?
Pass a reduction in the capital gains tax to 7-10% for ONE year.

Regards,

Bob



To: Gordon A. Langston who wrote (538966)2/12/2004 5:48:59 AM
From: JDN  Read Replies (2) | Respond to of 769670
 
I believe we are the only industrialized nation in the World to have a capital gains tax. The negative on such a tax as it does in fact LOCK IN long term gains thus making for a very INEFFICIENT method of supplying needed capital to growing fields. Plus, lets face it, how many of us would have bought this or that (providing more economic growth and JOBS and TAXES) if we could have sold long held assets with high locked in gains TAX FREE? jdn


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