New National Journal Economy Blog
Tuesday, October 14
Be sure to check out the new economic policy blog from National Journal. I'm honored to be included among the many who's who of contributors as it follows the latest news on the financial downturn, the bailout and how congress and the presidential candidates are responding.
For three decades, Mark Bloomfield has been an expert commentator on "Politics and Economic Policy on the Potomac." He serves as President and CEO of the American Council for Capital Formation, a Washington-based economic policy business group dedicated to encouraging economic growth through sound tax, regulatory, environmental, and trade policies.
"...to marshal more venture capital for more new industries -- the kind of efforts that begin with a couple of partners setting out to create and develop a new product -- we intend to lower the maximum capital gains tax rate."
"The tax on capital gains directly affects investment decisions, the mobility and flow of risk capital from static to more dynamic situations, the ease or difficulty experienced in new ventures in obtaining capital, and thereby the strength and potential for growth of the economy."

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