Good for All Americans: Decreasing Capital Gains Tax

As this video illustrates, every American would be better off if Congress decreased the capital gains tax instead of increasing it as recommended by President Obama.  In fact, it is hard to imagine a tax policy change that would be more detrimental to economic growth than increasing capital gains.  At this particular moment in our nation’s history — when we most need to create incentives for risk-taking and entrepreneurship — the right tax policy move would be to reduce capital gains taxes, not increase them.