New Podcast on Corporate Capital Gains Taxes
March 31, 2008
A new Tax Foundation Tax Policy Podcast delves into the problem of the Untied States’ high corporate capital gains tax rate.
Jim Tisch, President and CEO of Loews Corporation, and Ed McClellan, Tax Counsel at PricewaterhouseCoopers, talk to Tax Foundation President Scott Hodge about the difference between the individual capital gains rate and the corporate capital gains rate, the problem of “locked-in” assets and their detrimental impact on business decisions and job creation, the Untied States’ decreasing global competitiveness in the face of European nations’ cutting or eliminating the corporate capital gains tax, and the proposal to cut the 35 percent rate to 15 percent.
Click here to listen (18 minutes, 2 seconds).