Posted on 10/11/2008 5:39:08 AM PDT by ConservativeAtLast
Why isn't anyone positing a capital gains tax cut as something that can be done to help the economy? A major cut in the capital gains tax, say to 15% for stocks held less than a year, and 5% for stocks held a year or more would bring investors back into the market. I have written my representative ( Pete Sessions of Texas ) and recommended this. All Freepers should write their representatives as well.
DITTO DITTO DITTO!
The republican house bailout plan actually had the capital gains tax at zero percwnt for two years if I recall.
It would be very bad for the markets to have an expectation that the capital gains tax will go up.
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