Boehner and GOP propose suspending cap gains

Last week bailout, this week economic stimulus. House Democrats have unveiled a plan to inject more money into poor and middle class families. Shortly thereafter Boehner and the House GOP announced their strategy for stimulus...

In the eight-point proposal, Boehner said that energy companies should be able to obtain leases in a matter of months — rather than years — to drill for oil on the Outer Continental Shelf. He noted that would allow earlier production that would grow the economy through job creation and lower energy costs.

He also argued that a combination of suspending capital gains taxes temporarily and lowering the corporate tax rate would encourage the investment of capital in foreclosures and other distressed assets.