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The capital gains question was also still in the air.
President Bush still wants a special break for capital gains.
We might as well go further and pay people for their capital gains.
He must also press Congress to cut the capital gains tax to 15 percent.
You must cut the capital gains tax on the people of our country.
Did the President believe a cut in the capital gains tax was good for the country?
"People are going to wait around to see what the capital gains tax cut is."
On the books, the capital gains tax rate is 28 percent.
If interest rates go down then it could mean a capital gain.
The capital gains plan is, if anything, likely to increase it.
Something like "a capital gains tax cut only for those of you in this room."
But he will not have to pay capital gains taxes for years, if at all.
That family might have paid only 28 percent on its 1990 capital gains.
That would mean they'd have to pay capital gains taxes.
Step 3: include the lower amount as your capital gain.
The tax rate on long-term capital gains is now 15 percent.
For property held longer than that, the top capital gains rate is 20 percent.
And at current prices, there is opportunity for big capital gains.
Some of those capital gains are spent, expanding the economy for everyone.
The maximum rate on capital gains, however, would stay at 28 percent.
"Or it would be nice to get that capital gains tax cut."
Capital gains rates have been cut twice before, in 1978 and 1981.
The Republican version of a capital gains tax cut would do little for the economy.
But including some kind of capital gains rate cut is also a political strategy.
For capital gains, however, I think the story is somewhat different.