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BUSINESS LEADERS TEAM UP FOR TAX RELIEF |
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Engler, Tisch Call for Reduction of Capital Gains Tax on Business NEW YORK, NY, February 4, 2008 -- National Association of Manufacturers President and CEO John Engler today joined Loews CEO James S. Tisch calling for policy makers to stimulate economic growth by reducing the capital gains tax on business. |
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This is the America Gains Coalition |
U.S. businesses today face one of the highest capital gains tax rates in the history of the Internal Revenue Code. Reducing the current 35 percent rate would unlock growth throughout the economy.
"The next wave of tax reform in this country must address the historically high corporate capital gains tax rates that are stifling economic growth. Too much economic activity is locked-in and too much tax revenue is locked out not to make this a key part of the policy agenda. That's why we're working now to build awareness and consensus among the tax policy-makers who will set our economy's course for the decades ahead."
--James Tisch, President and Chief Executive Officer of Loews Corporation
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