Earlier this year, we saw Obama confronted with the argument in the vein of, "hey, traditional left-politics may not bring us the results we want." And his response was... well...
Posted at 10/10/2008 11:06:00 AM
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.
Bloomfield is often referred to by the media as "Mr. Capital Gains" for what the the Wall Street Journal called his "25-year quest for lower taxes on saving and investment."
read what the press says
"...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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