There’s certainly a lot of media interest in today’s NYC forum on reducing the capital gains tax, mentioned earlier today in Dorothy Coleman’s post. The National Association of Manufacturers and Loews Corporation are sponsoring the event, and CNBC’s Larry Kudlow is the moderator.
The Financial Times previewed the event, noting, “A study commissioned by the campaign and carried out by PwC concludes that increased volumes of asset sales would result in a gain of $1.4bn for the US tax authorities between 2008 and 2017.”
The New York Sun also had a story quoting a panelist:
“It is even more important now because what we are experiencing is a liquidity problem,” Rep. Scott Garrett of New Jersey said.
“Capital gains becomes even more important now because to deal with the problem we need to get the investors off the proverbial sidelines and into the game, and a great way to do that is to allow them to keep more if they sell their assets,” Mr. Garrett said.
UPDATE (1 p.m.): Larry Kudlow comments on the President’s budget, tax cuts and politics.
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