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Dems seek to tax investment 17 July, 2007

Posted by David Anderson in federal.
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The worst economic policy possible is taxing investment.  It kills jobs, business growth, and makes people dependent upon government for retirement and large expenses they need to save for.

So what is the new Congress looking at doing?  According to today’s Wall Street Journal they are looking at finding new taxes for private equity and hedgefund investments.

If it moves tax it, if it still moves regulate it, if it stops moving subsidize it.  I guess they are back to their old tricks of taxation, regulation, and subsidization.  May God help the American worker and investor.

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1. Mike Protack for Governor - 17 July, 2007

I had a chance to see tax policy in action 15 years ago when I flew in Eastern Europe and they were making the transition from communism.

The unique thing was simple- the tax on capital gains in most places was ZERO.

The second smart thing most countries did was put in place a low rate, single rate tax. Revenues went up 20-30%.

Tax policy should be designed for savings,growth and investment which in turn leads to economic growth and revenue growth.


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