Eliminating The Capital Gains Tax
Beginning of paper
One of the major obstacles facing all entrepreneurs in the United States
when starting a new business or expanding an existing one is raising capital.
Here capital refers to money that people invest in a business. Investment and
entrepreneurship are the heart and soul of a lively economy. There ....
Middle of paper
.... of jobs. In order
to stimulate economic growth in the United States, taxes on capital gains should
be eliminated.
Members of Congress once considered a reduction in the capital gains tax
rate from 28% to 19.8%. Combined with indexation, which is
,
reducing the capital gains tax by any amount would be a vital pro-growth step
taken by Congress. However, given the fickle and high risk nature of
investments and entrepreneurships, and the importance of maintaining a
competitive economy in a ....
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Word count: 772
Page count: 3 (approximately 250 words per page)
