Capital Gains, Boosting Competitiveness

By February 5, 2008Taxation

The Associated Press coverage of the capital gains forum held Monday in New York City, “Manufacturing group pushes tax cut.”

I’m a CEO and I have to make these decisions and I can’t tell you how many times I’ve seen transactions that work on a pretax basis, but on an after-tax basis I say, ‘we can’t do that,'” James S. Tisch, chief executive of Loews Corp. and a backer of the proposal, said in an interview Monday with The Associated Press.

And from the president of the National Association of Manufacturers, an observation that with the campaigns and talk of economic stimulus, the time is right.

“I think that this becomes very attractive if it’s being explained in the context of what it means in terms of U.S. business activity being out of sync with the global situation, the global reality,” John Engler said. “There’s a lot coming together here. It could be the perfect situation developing.”

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