Breakfast with the Budget Chairman
It was an honor to host House Budget Chairman Paul Ryan at today’s special ACCF Breakfast Forum. It was a packed house of Washington business representatives, investors and trade association executives. C-SPAN covered the event as did many of Washington’s press corps. At the close of the event, I commended the chairman:
“As you know, one of ACCF’s big missions is tax reform. What’s interesting about your proposal is that it not only lowers the rate but it doesn’t pay for it by increasing taxes on savings and investment, and that is unique compared to other plans.”
Read more about our event with Paul Ryan here.
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"...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."