In 1978, ACCF was instrumental in convincing Congress to turn a looming increase in the federal capital gains tax rate into a substantial tax cut. The Revenue Act of 1978 that President Carter signed into law helped keep the U.S. economy from sliding further into recession. Today, the ACCF continues to provide expert research on the important role of capital formation in ensuring robust job growth and a strong economy.
Democratic plans that target wealth that largely comes from capital gains functionally serve as the equivalent of a higher rate on those profits, according to Mark Bloomfield, president and chief executive officer of the American Council for Capital Formation, a lobby and research group.
Raise taxes to 70 percent, and with a click of a computer button, trillions of dollars will escape across the our borders and beyond the grasp of the IRS, which will collect 70 percent of zero dollars. That means zero revenues to fund the federal government.
Published in The Hill When German professor Klaus Schwab organized a meeting of European business leaders to discuss global management practices in Davos 47 years...
Research & Publications
EXECUTIVE SUMMARY The Brady-Ryan tax reform plan proposed last summer would decrease taxes on corporate profits and investment income, while preserving the existing credits for...
As the attention of the nation and world leaders turn to Washington, D.C. to see what issues the new 115th Congress and administration of President Donald Trump are championing in 2017, the American Council for Capital Formation and its affiliated Center for Policy Research have developed a broad set of policy recommendations on tax reform and improvements to the federal regulatory process, particularly in the energy, environment, and financial services spaces, to guide and focus discussions both on Capitol Hill and downtown. Read the full memo.
Introduction by Mark Bloomfield, ACCF President and CEO