Greg Ip: No One Would Argue There Was an Investment Boom when Bush Lowered Taxes

administration and certainly in ░░░░░░░░ opening months of the ░░░░░░░░ controlled Congress And what ░░░░░░░░ the capital gains tax ░░░░░░░░ that he is proposing ░░░░░░░░ that make good economic ░░░░░░░░ There s actually two ░░░░░░░░ in there One of ░░░░░░░░ goes after a loophole ░░░░░░░░ allows the wealthy to ░░░░░░░░ on assets never subject ░░░░░░░░ capital gains tax to ░░░░░░░░ children That protects it ░░░░░░░░ forever for taxes By ░░░░░░░░ that loophole he addresses ░░░░░░░░ glaring inefficiency in the ░░░░░░░░ code One of the ░░░░░░░░ why actually Obama himself ░░░░░░░░ Hillary Clinton s husband ░░░░░░░░ Clinton agreed to lower ░░░░░░░░ capital gains tax and ░░░░░░░░ stick with a lower ░░░░░░░░ tax rate is because ░░░░░░░░ profits under the current ░░░░░░░░ are taxed twice The ░░░░░░░░ treatment of those is ░░░░░░░░ to address that inefficiency ░░░░░░░░ essence by proposing that ░░░░░░░░ go back up it ░░░░░░░░ a little bit more ░░░░░░░░ I don t think ░░░░░░░░ would argue that when ░░░░░░░░ bush lowered those rates ░░░░░░░░ had a boom in ░░░░░░░░ as a result.