Yes, and increase to the average U.S. tax rate (31.5%)
https://www.taxpolicycenter.org/briefing-book/what-effect-lower-tax-rate-capital-gains Lowering CG…
While it's true that the correlation between lower capital gains taxes and economic growth isn't always direct, we must consider the potential consequences of increasing them. Higher capital gains tax rates may discourage risk-taking and investment, which are crucial for innovation and job creation. For instance, Silicon Valley's tech boom was largely driven by investors willing to take risks on start-ups. If the tax on potential profits were too high, would we see the same level of investment? I'd be interested to hear your thoughts on how we can strike a balance between raising public funds and encouraging economic dynamism.
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