The National University System was established in 2001 to meet the emerging challenges and demands of education in the 21st century. The System is uniquely aligned to connect a diverse population of students to a network of innovative educational programs that are relevant to their lives, careers, and the marketplace and are delivered in a format that respects competing life priorities.
Roger Showley, U-T SAN DIEGO
Friday, November 16, 2012
Kelly Cunningham, National University System
Answer: YES
Lowering capital gains tax rates boosts economic growth and increases tax revenues. Capital formation is key to long-range growth and rising living standards. Keeping taxes low on investment stimulates the economy, raises wages, and creates jobs. Under current tax rules, gains from investments are fully taxed, but losses are not fully deductible. This is a disincentive to taking risks. Lower tax rates help compensate for not being able to write-off capital losses. Lower tax rates on capital investment also encourages saving and investment. While the U.S. taxes business profits when earned, taxing the sale of stock or business is double taxation.
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