Thread: Economics The Fiscal Cliff Approacheth
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Old 12-05-2012, 01:55 PM   #461
Direckshun Direckshun is offline
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Join Date: Oct 2006
Location: Springpatch
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Quote:
Originally Posted by petegz28 View Post
FTR, I have long been in favor of raising capital gains taxes but not for revenue growth. When Bush cut the CG tax we saw additional volatility in the markets. A higher tax on CG's encourages longer holding periods of investments, imo, and helps smooth out some of the volatile trading.
That's fair.
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