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Eliminating The Capital Gains Tax

Beginning of essay

One of the major obstacles facing all entrepreneurs in the United States when starting a new business or expanding an existing one is raising capital. Here capital refers to money that people invest in a business. Investment and entrepreneurship are the heart and soul of a lively economy. There ....

Middle of essay

....e wealthy investors to invest in a certain enterprise, which in small numbers would immensely increase the economic growth in the United States. In the Wall Street Journal the U.S. Commission on civil rights said, "Reducing the tax on capital gains effectively increases the flow of financial 'seed corn' to budding entrepreneurs." Also, from a global perspective, the United States has one of the biggest capital gains tax rate. Depending on inflation, sometimes the United States has the largest ....
Number of words: 772 Approximate pages: 3

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