A Major Cut To Capitol Gains Tax Would Turbocharge The Economy

The capital gains tax is destructive. By lowering the rewards of risk-taking, which is essential to innovation and a higher standard of living, the tax needlessly hobbles progress.

This segment of What’s Ahead explains why President Trump and his tax-writing team should include a sizable reduction of this levy in the bill they’re cobbling together with various members of Congress. Such a cut would not only help the economy but also instantly raise more revenue for Uncle Sam.