The Bush Capital Gains Tax Cut after Four Years: More Growth, More Investment, More Revenues
Table of Contents
- Executive Summary
- Introduction
- The Capital Gains Tax and Revenue
- How the Capital Gains Tax Is Unlike Other Taxes
- Recent Trends in Capital Gains Tax Rates and Receipts
- Some Effects of the 2003 Capital Gains Tax Rate Cut
- Did the 2003 Tax Cut Increase the Budget Deficit?
- The Lock-in Effect of Capital Gains Taxes
- Was the 2003 Capital Gains Tax Cut “Fair”?
- Is It Fair to Tax Gains Due Solely to Inflation?
- Conclusion
- Notes
- About the Authors
About the Authors
Stephen Moore is a member of the editorial board and senior economics writer at the Wall Street Journal. Mr. Moore is the founder and former president of the Club for Growth and served as a senior economist for the Joint Economic Committee of Congress, as a budget expert for the Heritage Foundation and as a senior economics fellow at the Cato Institute, where he published dozens of studies on federal and state tax and budget policy. He was a consultant to the National Economic Commission in 1987 and research director for President Reagan’s Commission on Privatization. Moore is a graduate of the University of Illinois and holds a Master of Arts degree in economics from George Mason University.
Tyler Grimm is a research assistant with the Wall Street Journal. He studies government and international politics at George Mason University and has also attended Oxford University. Grimm was a Koch Fellow at the Reason Foundation in Washington, D.C., where he researched issues related to privatization and tax policy.
