tag:blogger.com,1999:blog-4967493160083538278Thu, 07 May 2009 00:43:26 +0000Stop the automatic capital gains tax increasehttp://www.accf.org/blog/mrcapitalgains/noreply@blogger.com (Pete)Blogger29125tag:blogger.com,1999:blog-4967493160083538278.post-717249753851648140Thu, 07 May 2009 00:36:00 +00002009-05-06T17:43:26.659-07:00Former Congressman Jack Kemp was a tireless supporter of low capital gains taxes , its impact on creating an environment for entrepreneurship to flourish and the opportunity to provided for minorities and the disadvantages to get a piece of the American dream. He will be sorely missed as I noted in an obituary in Tax Notes.Mark Bloomfield, CEO of the American Council for Capital Formation, said http://www.accf.org/blog/mrcapitalgains/2009/05/farewell-jack-kemp.htmlnoreply@blogger.com (Burita)0tag:blogger.com,1999:blog-4967493160083538278.post-84327907326574088Fri, 10 Apr 2009 03:31:00 +00002009-04-09T20:43:28.091-07:00Richard Rahn is a founder of the ACCF and served as its first executive director. He still serves as a current director today and continues to fight the good fight on important issues including the capital gains tax. In his most recent Washington Times column, he dispels myths and downright whoppers about the capital gains tax.Apologists for the present capital gains tax, including many membershttp://www.accf.org/blog/mrcapitalgains/2009/04/capital-gains-whoppers.htmlnoreply@blogger.com (Burita)0tag:blogger.com,1999:blog-4967493160083538278.post-7768123339719165574Fri, 03 Apr 2009 13:36:00 +00002009-04-03T06:40:21.634-07:00As I drove home last night, I was listening to President Obama's post G-20 news conference. Two key points made during his Q&A struck me...I think that there's always been a spectrum of opinion about how unfettered the free market is. And along that spectrum, I think there have been some who believe in very fierce regulation and are very suspicious of globalization, and there are others who http://www.accf.org/blog/mrcapitalgains/2009/04/g-20-notes.htmlnoreply@blogger.com (Burita)0tag:blogger.com,1999:blog-4967493160083538278.post-3699374075400378173Mon, 16 Mar 2009 13:39:00 +00002009-03-16T06:53:55.509-07:00In his recent column for Forbes, Bruce Bartlett has some good advice for those seeking to preserve low rates on capital gains--an indexing provision that differentiates real gains versus inflationary ones. With anticipated inflation around the corner, this may be a fight worth pursuing...Some will say that paying 15%, the current capital gains tax rate, isn't much of a burden. But this ignores http://www.accf.org/blog/mrcapitalgains/2009/03/tax-real-gains-not-inflationary-ones.htmlnoreply@blogger.com (Burita)0tag:blogger.com,1999:blog-4967493160083538278.post-5430896129093126006Wed, 25 Feb 2009 19:51:00 +00002009-02-25T15:21:03.352-08:00Many thanks to Senator Jon Kyl (R-AZ) for making the case to President Obama at the White House fiscal summit for preserving the 2001 and 2003 tax cuts.According to The Bureau of National Affairs Daily Tax Report:Senate Republican Whip Jon Kyl (R-AZ) seized the opportunity to attack the president's intention to allow the expiration of some of the 2001 and 2003 tax cuts for wealthier households http://www.accf.org/blog/mrcapitalgains/2009/02/kyl-kudos.htmlnoreply@blogger.com (Burita)0tag:blogger.com,1999:blog-4967493160083538278.post-6102758950682550563Wed, 25 Feb 2009 19:28:00 +00002009-02-25T11:34:52.486-08:00In yesterday's Wall Street Journal, Silicon Valley exec Tom Hayes and ABCNews.com columnist Michael Malone warn that the U.S. economy isn't built for the new world and that the path to new prosperity is through entrepreneurs who have the flexibility, the freedom and the risk-everything ambition in this rapidly changing global marketplace and they should be the focus of stimulus measures. Their http://www.accf.org/blog/mrcapitalgains/2009/02/lets-stimulate-entrepreneurship.htmlnoreply@blogger.com (Burita)0tag:blogger.com,1999:blog-4967493160083538278.post-3013922094900683087Tue, 10 Feb 2009 15:31:00 +00002009-02-10T07:58:30.628-08:00WSJ's Steve Moore asks a very important question in his column today, "The Missing Obama Tax Cut." As we've said before, the economy needs to be stimulated, but so does investor confidence. Lower rates on capital gains, even if they are limited to small businesses and start-ups, will encourage risk-taking in the business community and put us on more of an even playing field with other major http://www.accf.org/blog/mrcapitalgains/2009/02/wheres-cap-gains-tax-cut-for-small.htmlnoreply@blogger.com (Burita)0tag:blogger.com,1999:blog-4967493160083538278.post-9045056626780416534Wed, 28 Jan 2009 16:03:00 +00002009-01-28T08:08:26.991-08:00In case you missed Sunday's Meet the Press, Top Economic Advisor to President Obama indicated in no uncertain terms that the Bush tax cuts will have to expire, which of course would include elimination of lower rates on capital gains. Summers said "I don't think there's any question they have to be repealed. The country can't afford them for the long run. ... They have to be allowed to expire. http://www.accf.org/blog/mrcapitalgains/2009/01/summers-let-bush-tax-cuts-expire.htmlnoreply@blogger.com (Burita)0tag:blogger.com,1999:blog-4967493160083538278.post-5471336586686313406Thu, 22 Jan 2009 12:05:00 +00002009-01-22T04:12:54.849-08:00In case you missed it, a very astute analysis of the current financial meltdown was offered in an op-ed in yesterday's WSJ by Alberto Alesina, professor of economics at Harvard, and Luigi Zingales, professor of finance at the Chicago Booth School of Business. Moreover, they suggest that rather than investing in highway projects, the economy needs the proper antidote to promote more saving and http://www.accf.org/blog/mrcapitalgains/2009/01/rehab-taxes-not-roads.htmlnoreply@blogger.com (Burita)0tag:blogger.com,1999:blog-4967493160083538278.post-2406108413434719060Wed, 10 Dec 2008 18:28:00 +00002008-12-10T21:08:07.902-08:00WASHINGTON - Government bailout or bankruptcy for automakers? How about the third option presented in an op-ed in the WSJ's OpinionJournal today by Congressman-elect Jared Polis (D-CO)?The incoming congressman-elect from Colorado has a savvy business background as the founder of proflowers.com and bluemountain.com and has this idea which certainly has merit:If we as a society place a public http://www.accf.org/blog/mrcapitalgains/2008/12/how-about-market-based-bailout-for-auto.htmlnoreply@blogger.com (Burita)0tag:blogger.com,1999:blog-4967493160083538278.post-3054635135035213497Thu, 04 Dec 2008 17:38:00 +00002008-12-11T18:21:52.173-08:00Politics is always a fascinating spectator sport and watching the transition of President-elect Obama has been no exception, particularly when it comes to the influence of his newly announced economic team in the current administration and proposed plans for economic stimulus.You can read my report card on Obamanomics so far as well as some important tax cutting steps including capital gains thathttp://www.accf.org/blog/mrcapitalgains/2008/12/my-report-card-on-obamanomics.htmlnoreply@blogger.com (Burita)0tag:blogger.com,1999:blog-4967493160083538278.post-1468759780796386194Wed, 26 Nov 2008 14:04:00 +00002008-11-26T06:10:17.609-08:00You can see my Fox Business interview yesterday where I offer my report card on the President-elect's new team and his approach to the economic crisis as well as my recommendations for a much needed tax component to economic stimulus here:http://www.accf.org/blog/mrcapitalgains/2008/11/fox-business-news-my-report-card-on.htmlnoreply@blogger.com (Burita)0tag:blogger.com,1999:blog-4967493160083538278.post-5269343611089091082Tue, 18 Nov 2008 18:38:00 +00002008-11-20T05:47:10.730-08:00A recent report in BNA's Daily Tax Report notes that among the The Progressive Policy Institute's recommendations to President-Elect Obama to help finance his middle class tax cuts are a proposed securities-transaction tax applied to purchases and sales of securities--yet another tax layer in addition to the capital gains tax. They do propose implementation in 2010 after stimulus packages have http://www.accf.org/blog/mrcapitalgains/2008/11/proposed-tax-on-securities-will-make.htmlnoreply@blogger.com (Burita)0tag:blogger.com,1999:blog-4967493160083538278.post-2610358313276842335Fri, 14 Nov 2008 15:42:00 +00002008-11-20T05:50:27.845-08:00John Maggs with National Journal's Economic Experts blog posed this question to myself and the other regular contributors -- after President-elect Obama suggested that he would continue with his campaign tax plan, which would involve cutting taxes for most taxpayers and raising them for those earning more than $250,000 a year (a threshold he recently suggested might be lowered to $150,000.) His http://www.accf.org/blog/mrcapitalgains/2008/11/national-journal-asks-is-obamas-tax.htmlnoreply@blogger.com (Burita)0tag:blogger.com,1999:blog-4967493160083538278.post-2399712737500480606Thu, 30 Oct 2008 13:30:00 +00002008-10-30T06:44:37.496-07:00WASHINGTON, Oct 29, 2008 / The U.S. capital gains tax rate compares unfavorably with many major economies, trading partners and developing countries, according to a new report by Ernst & Young LLP, commissioned by the American Council for Capital Formation (ACCF). The report compares individual long-term capital gains taxes among 25 major economies of the world and more than half of the countrieshttp://www.accf.org/blog/mrcapitalgains/2008/10/accf-research-us-capital-gains-tax-rate.htmlnoreply@blogger.com (Cap Gains Intern)0tag:blogger.com,1999:blog-4967493160083538278.post-7557493026266393917Thu, 30 Oct 2008 13:20:00 +00002008-10-30T06:29:04.651-07:00We mentioned recently that an owner of the Miami Dolphins NFL team is considering selling his share in the team as he worries about the tax implications of possible higher capital gains tax rates under consideration by Sen. Barack Obama. This morning the Wall Street Journal editorial page adds:Mr. Obama is in fact proposing to raise the capital gains tax to 20% from 15% -- which would be an http://www.accf.org/blog/mrcapitalgains/2008/10/more-on-miami-dolphins-owner-swimming.htmlnoreply@blogger.com (Cap Gains Intern)0tag:blogger.com,1999:blog-4967493160083538278.post-309733375983223374Tue, 28 Oct 2008 12:57:00 +00002008-10-28T05:59:58.704-07:00Unfortunately, this headline comes from Vietnam, where "Some securities companies warn that the capital gains tax proposed to be introduced from January next year is too much too soon considering the gloom on the stock market."http://www.accf.org/blog/mrcapitalgains/2008/10/capital-gains-tax-on-stocks-may-be.htmlnoreply@blogger.com (Cap Gains Intern)0tag:blogger.com,1999:blog-4967493160083538278.post-5420953949126625302Mon, 27 Oct 2008 20:52:00 +00002008-10-27T14:13:54.777-07:00Who says capital gains tax rates don't affect investor behavior? That's a question that's easier to answer as one of America's richest men is eyeing capital gains tax rates and where they might be headed. Dolphins owner H. Wayne Huizenga said Sunday no date has been set for selling up to 45 percent more of the team to Stephen Ross, but the presidential election is among the issues weighing on hishttp://www.accf.org/blog/mrcapitalgains/2008/10/nfl-owner-set-to-punt-team-over-tax.htmlnoreply@blogger.com (Cap Gains Intern)0tag:blogger.com,1999:blog-4967493160083538278.post-1598213995433407175Wed, 22 Oct 2008 12:14:00 +00002008-12-09T22:08:55.650-08:00Government spending or tax cuts? As the clock ticks down until the election and the possibility of a lame duck session looms, a number of secondary economic stimulus proposals have already been raised (for the latest see Reuter's roundup here).If policymakers really want to jump start things again, they need a package that will stimulate the economy, but more importantly stimulate confidence http://www.accf.org/blog/mrcapitalgains/2008/10/give-me-back-my-nest-egg.htmlnoreply@blogger.com (Burita)0tag:blogger.com,1999:blog-4967493160083538278.post-7940614347249202961Wed, 22 Oct 2008 11:58:00 +00002008-10-22T05:09:03.762-07:00A great column by Larry Kudlow suggests that McCain should be reaching out directly to investors by talking about his 7.5 percent capital-gains tax cut and his $15,000 capital-loss tax deduction. Kudlow says he also needs to connect his tax cut proposals with middle class Main Street America...But if Sen. McCain can get the capital-gains tax cut into his message, and if he can repackage the http://www.accf.org/blog/mrcapitalgains/2008/10/great-column-by-larry-kudlow-suggests.htmlnoreply@blogger.com (Burita)0tag:blogger.com,1999:blog-4967493160083538278.post-5001134245513598859Thu, 16 Oct 2008 01:57:00 +00002008-10-15T19:07:13.492-07:00Interesting story by CNNMoney on the cap gains components of the economic plans presented by Obama and McCain...For the candidates, changing the tax rate stems from their economic philosophies. McCain believes tax cuts stimulate growth, while Obama wants to shift the more of the tax burden from the middle class to the wealthy.While adjusting the rate would impact the deficit - at a time when the http://www.accf.org/blog/mrcapitalgains/2008/10/comparing-cap-gains-policies-of-pres.htmlnoreply@blogger.com (Burita)0tag:blogger.com,1999:blog-4967493160083538278.post-2179252518494886552Thu, 16 Oct 2008 01:18:00 +00002008-10-15T18:46:46.571-07:00Last 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 Outerhttp://www.accf.org/blog/mrcapitalgains/2008/10/boehner-and-gop-propose-suspending-cap.htmlnoreply@blogger.com (Burita)0tag:blogger.com,1999:blog-4967493160083538278.post-5282420561786850977Tue, 14 Oct 2008 16:33:00 +00002008-10-15T18:05:54.955-07:00Experts and pundits will no doubt be debating the economic plans outlined by both presidential candidates this week, but when it comes to the benefits of lower capital gains tax rates a picture is worth a thousand words...http://www.accf.org/blog/mrcapitalgains/2008/10/kgs-tax-revenue-forecast-vs-actual.htmlnoreply@blogger.com (Burita)0tag:blogger.com,1999:blog-4967493160083538278.post-7939132418347315516Tue, 14 Oct 2008 15:34:00 +00002008-10-14T10:04:38.082-07:00Once holding rates firm at 15%, Senator John McCain now advocates cutting rates on KGs to 7.5% from 15% for 2009 and 2010...The McCain plan would reduce the tax on long-term capital gains to 7.5% from 15% for 2009 and 2010. The campaign said this would "strengthen incentives to save, invest and restore the liquidity of the markets." That would cost $10 billion.He also wants to increase the amounthttp://www.accf.org/blog/mrcapitalgains/2008/10/mccain-cap-gains-at-75-for-two-years.htmlnoreply@blogger.com (Burita)0tag:blogger.com,1999:blog-4967493160083538278.post-8259602335329636607Tue, 14 Oct 2008 14:51:00 +00002008-10-14T07:53:04.686-07:00Be 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.http://www.accf.org/blog/mrcapitalgains/2008/10/new-national-journal-economy-blog.htmlnoreply@blogger.com (Burita)0