Capital-gains Tax Issue

 
 
 
 
This research explores the capital-gains tax issue in the United States. The major controversy concerns whether or not to reduce the tax rate on capital-gains to some level below that for ordinary income, which is the basis for the taxation of capital-gains under the Tax Reform Act (TRA) of 1986. Although the proposal by the Bush Administration to reduce the tax rate on capital-gains was defeated in the Senate in the fall of 1989, the issue remains very much alive (Yang, 1989).

The nation's media generally and the Bush Administration more specifically have attempted to portray the controversy over the capital-gains tax as a liberal/conservative clash. Such a depiction suits the Administration, because, as was true of the Reagan Administration which preceded it, it hopes to make points with the public by avoiding a discussion of hard facts, and, instead, deal with the issue on an emotional level where it can blame all of the nation's troubles on evil liberals and socialists. That intellectual giant and stalwart defender of the conservative cause, Representative Bob Dornan (1990), R. Cal., has been kicking the dead socialist horse as hard as he can on the capital-gains tax issue, in defending the Administration's position on the floor of the house.

In point of fact, arguments on the capital-gains tax issue cut across liberal/conservative lines, to a point where an attempt to assess the issue strictly in terms of American liberal and conservative political

     
 
 
 
    

 

Related Essays

Capital Gains Tax Issue in the US Capital Gains Tax Issue in the US. INTRODUCTION This research explores the capital gains tax issue in the United States. The major .... (1638 7 )

Reform Issue .... that it will be a key issue for the .... .... Act (ERTA) was passed giving .... breaks to businesses, cutting individual taxes, and lowering taxes on capital gains. .... (2559 10 )

Investment Credit .... certain other Clinton proposals: "Clinton's promise to cut capital gains taxes on .... and to grant a 10 percent .... credit on .... Economists are divided on the issue. .... (2701 11 )

Regulation of Limited Parterships .... In point of fact, arguments on the 51 capital gains tax issue cut across liberal/conservative lines, to a point where an attempt to assess the issue strictly .... (5181 21 )

Flat & Consumption Based Taxes .... The Flat .... does not address this issue, but consistent with .... these loss deductions stems from the favorable .... treatment accorded capital gains. .... (2974 12 )


Category: Economics - C
 
 
 
Common Topics
 
 
 
 
 
 
 
Click Here to Get Instant Access to over 32,000 Professionally Written Papers!!!
 
 
 
Join Now  
 
 
 
 
 
Saved Papers  
 
 
Save your essays here so you can locate them quickly!
 
 
 
Testimonials  
 
"This site is an excellent vehicle for quick referrences. Thanks a bunch!"
Carla T.
 
"Great site, I got a lot of new ideas I would have never thought of before."
Nate A.
 
"I love this site!!!"
Marie H.
 
"Thank you for making such a high quality site! Your papers are the best I have seen around"
Debbie B.
 
"Your site was very helpful and gave me the details I needed in order to complete my essay!!!"
Mike F.
 
 
 
 
Copyright © 2007 - 2014 Lots of Essays. All Rights Reserved. DMCA