On the recordFebruary 28, 2012
I am concerned that the President's proposed budget for 2013 could lead to massive increases in capital gains as much as--I think as much as triple, from 15 percent to almost 45 percent.
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congress.govI am concerned that the President's proposed budget for 2013 could lead to massive increases in capital gains as much as--I think as much as triple, from 15 percent to almost 45 percent.
Grimm warns about potential capital gains tax increases affecting investment.
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And if the smaller companies can't participate, you are left with just the larger companies.
This is about protecting the taxpayer as much as we can. This is the fiscally conservative, prudent way to do so.
H.R. 634, sponsored by Rep. Michael Grimm (R-NY), passed the House on an overwhelmingly bipartisan vote of 411-12.
Thank you very much, and I want to thank the chairman, Chairman Duncan, for having me, and the panel for having me.