The key to solving the country’s horrible fiscal mess is higher savings and investment. Tax policy is a lever is that can also help as today’s Wall Street Journal op-ed suggests. See my additional thoughts on this in my recent USA Today oped.
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Twitter FeedSince World War II came from different political parties, different ideologies and different backgrounds but they agreed on one thing:
"...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."
- President Reagan
"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."
- President Kennedy
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