Capital Gains Tax Reform And Investment in Small Business Hearing Before the C
Capital Gains Tax Reform And Investment in Small Business Hearing Before the C
United States Congress House Committee On Small
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We make choices all the time. We don't have anything like a tax system which is neutral in a general sense. It is not neutral at all. It makes choices between dividends and capital gains and all kinds of other choices. The question is whether those choices are the best ones in the scheme of things to generate the most growth and the most jobs and the most economic activity which will benefit the larger soci- ety. Certainly from the biotech industry point of view we are deal- ing with industry t...hat has a real prospect for finding cures not just therapies, but cures for Cancer, AIDS, Alzheimer's, debilitating dis- eases on the cutting edge of science doing basically Nobel quality science with an incredible risk. That kind of an activity I don't think is controversial in terms of whether we should encourage it. Ms. Hopt-Hay. The Small Business Survival Committee also would be totally in favor of eliminating the capital gains tax, but I don't have the numbers as to what that amount would total.
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