Grover Norquist: Cutting Capital Gains Tax Will Boost the Economy Without Congress

RUSH EXCERPT:

NORQUIST: “When you cut the capital gains tax, people can sell old land they don’t want anymore, a house, and move without paying punitive taxes on it or shares of stock. The vast majority of Americans will see direct benefits from higher value of their property, because moving forward, owning a house, owning land is a hedge against inflation, taxes don’t damage. And going backwards, there’s as much as $7 trillion, trillion, of corporate assets where companies own something, they don’t do anything with it because to sell it they would be hit with this very high cap gains tax. Get rid of the tax on inflation and you’ll see trillions of dollars redeployed to highest and best use and people have opportunities to do something with capital that’s been liberated.”