Read Wall Street Journal’s Weekend Interview with Mark Bloomfield in which he compares the political and economic climate of today with that of 1978 when a historic cut in the capital gains tax helped boost the economy and usher in the pro-growth era of the 1980s. Bloomfield believes the same could happen today. CLICK ARTICLE TO ENLARGE.
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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