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Capital gains debate puzzles Americans over tax cut relief
The capital gains tax cut proposal from 40 to 25 percent draws mixed views. Supporters say it spurs investment, lowers inflation, creates jobs, and helps balance the budget, while critics warn it could mainly benefit billionaires. The debate reaches Congress as advocates seek hearings to explain its potential impact on growth and productivity.
MENTIONED IN THIS ARTICLE
New York
Carter
Joint Econom Committee
Treasury
Michael Blumenthal
America
United States
Savings Bank
New York Stock Exchange