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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?


To: Bill Ulrich who wrote (16286)6/23/1998 2:33:00 PM
From: Scrapps  Read Replies (1) | Respond to of 22053
 
Gingrich to propose capital gains tax cut

WASHINGTON (Reuters) Tuesday June 23 1:38 PM EDT

- House Speaker Newt Gingrich on Wednesday will introduce legislation to cut the U.S. capital gains tax rate to a maximum 15 percent for investments held for more than a year, a spokesman said on Tuesday.

Gingrich, a Georgia Republican, will propose cutting the tax rate on investment profits to 15 percent from the current 20 percent, the spokesman said.

The bill will include a provision to reduce to 12 months from 18 months the time investors are required to hold investments before they are eligible for the lower rate. The 18-month requirement was enacted in last year's tax bill.


The guy can't be all bad!