Shrum's Tax Advice

http://www.futureofcapitalism.com/2010/08/shrums-tax-advice

Robert Shrum, the Democratic political consultant who advised, among others, Senator Edward Kennedy and Senator Kerry's presidential campaign, offers some surprising advice to President Obama:

To shore up fragile markets, the President could propose a permanent 15 percent rate for capital gains and investment. This wouldn't be an ideologically pure exercise in economic justice. But it's a pragmatic measure that could boost markets, sending a powerful, positive signal to voters. More than that, it will generate more investment and jobs—not in the distant future, but in the next two years. So there's something in this policy for Main Street, not just Wall Street.

Great idea. Link via the Heritage Foundation's "Morning Bell" email newsletter.

by Ira Stoll  |  Aug 27, 2010 at 10:15 am Related Topics:  Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list