Double Taxed

Fighting to end destructive double taxation

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Posts Tagged ‘Newt Gingrich’

Gingrich Joins Chorus to Reduce Double Taxation

Posted by Brian Garst on June 18, 2011

Following in the footsteps of two other Republican presidential candidates, Newt Gingrich has promised to eliminate the capital gains tax if elected:

In a broad-ranging speech, Gingrich … promised to make current tax rates permanent, eliminate the capital gains tax and slash corporate taxes in an effort to lure capital back into the United States.

Ideally, we’d like to see every candidate in both parties looking to eliminate harmful double taxation. Unfortunately, President Obama wants to do the opposite. But while we continue to hope he has a change of heart, the more Republican candidates willing to strike a pro-growth position against double taxation, the better the odds of seeing a real change in tax policy become.

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Posted in Capital Gains Tax | Tagged: , , | Comments Off on Gingrich Joins Chorus to Reduce Double Taxation