Capital Gains Tax Rates should be Good for the Gander too
On the presidential stump in Wakarusa, Indiana, President Obama recently revisited his campaign promise to zero out capital gains tax rates for small businesses:
True, but what is good for the goose should also be good for the gander. The benefits of capital gains tax reductions run long and deep and it is difficult to be enthused about lower rates on one hand for small businesses when a proposed capital gains tax increase is being proposed on the other. See our earlier post here.
"...to marshal more venture capital for more new industries -- the kind of efforts that begin with a couple of partners setting out to create and develop a new product -- we intend to lower the maximum capital gains tax rate."
"The tax on capital gains directly affects investment decisions, the mobility and flow of risk capital from static to more dynamic situations, the ease or difficulty experienced in new ventures in obtaining capital, and thereby the strength and potential for growth of the economy."