Show The Capital Gains Tax Trimmed As Broadcast b In the wake of the Proposition H there's been in- creased interest in a number reform and reduction One of these is a proposal to reduce the tax on capital Whenever you sell an such as stocks or a for more than you paid for your profit from that sale is called a Capital gains are now being nearly 50 per cent and Con- The Carter Administration has opposed that reduction because it feels that it would lose tax C Charles Vanik calls the Cat Amendment proposal that has m x benefit that only goes the The benefits of the gains change taxpayers in the United States and it is less than one- third of I per vent of the I that a terrible adopt this proposal u h h I think would upset American people who are trying to develop some sense of in their tax t claims that of capital gams actually 10 creased revenues by providing more investment funds to help create new businesses and More he My s. would be willing to vestment risks they would be able to keep a larger percentage of the me not think that it would benefit only the who own who have owned 30 years and H modest price the end of World War find that they have substantial gain and they are being All incomes increased economic activity and from the fact H r and no longer find themselves berng C In ms taxation jv now up to And |