CSPAN2 Capital News Today April 17, 2012
and this is what's happened. after every recent capital gains cut, rate cut, in 19 81, 1997 and 2003 capital gains revenue actually increased. you had a cut in the rate in 1981, 1987 and 2003 and what happened? the revenues actually increased. lower rate, higher revenues. how could that be? well, because with the lower rate, people sold more assets and created more economic activity. capital gains tax rates increased by between 37% and 114% over four years. and that's after inflation. by contrast, after a capital gains rate increase took effect in 1987, that was just talked about a m...
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