Yeah, The Problem is a Huge Capital Gains Tax Rate of 15%
Writing in the Wall Street Journal opinion pages under the heading
Edward R. Muller and Larry Zimpleman write that the
can encourage entrepreneurs by, for example, “letting in immigrant entrepreneurs who hire American workers”, thus creating a massive federal bureaucracy necessary to monitor and enforce such a program and “giving licensing rights to academic entrepreneurs at universities", thus giving away public research dollars, and “having government provide data to rankings of startup friendliness of states and localities" , thus getting the feds involved in a dubious activity. U. S.
They also include this recommendation
|Steve Jobs and Tom Wozniak - Created Apple|
But Only Because they didn't know how high
capital gains taxes were.
Thus repeating once again the old, tired, worn out and discredited idea that it is high taxation that is obstructing business creation in the
. United States
In arguments like this the burden of proof is on those who proposed change. Is anyone aware of any significant evidence that it is the high capital gains taxation rate of, get this, 15% that is stopping entrepreneurs from starting businesses?
On the other hand, just mentioning “cutting capital gains taxes” is all that is necessary to get your right wing rantings printed in the Wall Street Journal opinion section.